Herelt, Incorporated, a calendar year taxpayer, purchased equipment for $390,800 and placed it in service on April 1, 2022. The equipment was seven-year recovery property, and Herelt used the half-year convention to compute MACRS depreciation. Use Table 7- 2. Required: a. Compute Herelt's MACRS depreciation with respect to the equipment for 2022 and 2023. b. Compute Herelt's adjusted basis in the equipment on December 31, 2023. c. Compute Herelt's MACRS depreciation for 2024 if it disposes of the equipment on February 9, 2024. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute Herelt's MACRS depreciation with respect to the equipment for 2022 and 2023. Note: Round your final answers to the nearest whole dollar amount. 2022 2023 Depreciation Herelt, Incorporated, a calendar year taxpayer, purchased equipment for $390,800 and placed it in service on April 1, 2022. The equipment was seven-year recovery property, and Herelt used the half-year convention to compute MACRS depreciation. Use Table 7- 2. Required: a. Compute Herelt's MACRS depreciation with respect to the equipment for 2022 and 2023. b. Compute Herelt's adjusted basis in the equipment on December 31, 2023. c. Compute HereIt's MACRS depreciation for 2024 if it disposes of the equipment on February 9, 2024. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute Herelt's adjusted basis in the equipment on December 31, 2023. Note: Round your intermediate calculations to the nearest whole dollar amount. Adjusted basis Herelt, Incorporated, a calendar year taxpayer, purchased equipment for $390,800 and placed it in service on April 1, 2022. The equipment was seven-year recovery property, and Herelt used the half-year convention to compute MACRS depreciation. Use Table 7- 2. Required: a. Compute Herelt's MACRS depreciation with respect to the equipment for 2022 and 2023. b. Compute Herelt's adjusted basis in the equipment on December 31, 2023. c. Compute HereIt's MACRS depreciation for 2024 if it disposes of the equipment on February 9, 2024. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute Herelt's MACRS depreciation for 2024 if it disposes of the equipment on February 9, 2024. Note: Round your final answer to the nearest whole dollar amount. Depreciation TABLE 7.2 MACRS for Business Personalty (Half-Year Convention) Recovery Period Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Depreciation Rate 33.33% 20.00% 14.29% 10.00% 44.45 5.00% 32.00 3.750% 24.49 8.00 UIAWNG 14.8 9.50 19.20 7.219 17.49 14.40 7.41 8.55 1 1.52 5.677 12.49 1.52 7.70 5.177 11.52 8.93 9.2 6.93 5.713 5.76 8.92 7.37 6.23 5.285 8.93 .55 5.90 4.888 4.46 5.55 5.90 4.522 5.56 10 5.91 1.462 11 5.5 5.90 1.461 12 3.28 5.91 1.462 13 5.90 1.461 14 5.91 4.462 15 5.90 4.461 16 5.91 1.462 17 2.95 1.461 18 1.462 19 4.461 20 1.462 21 4.461 2.231