Good after noon, I am having problems figuring out how to calculate straight line depreciation. ( I think the questions wants me to use MACRS). It reads: Sherrod rents its operating facilities but owns one asset acquired in 2017 at a cost of $60 million. Depreciation is reported by the straight line method assuming a four year useful life. On the tax return, deductions for depreciation will be more than straight line depreciation the first two years but less than straight-line depreciation the next two years ($ in millions).

The question begans: Sherrod Inc., reported pretax accounting of $70 Million....

The format of the answer is: (particulars)

Current Year (2018) Future Taxable Future Taxable Amount Future Deductable Amount

(deductable Amounts) Total Total

2019 2020

Any help will be appreciated.

Thanks