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I just need help with C! Suber Inc., a calendar year taxpayer, purchased equipment for $840,000 and placed it in service on March 1. Suber's

image text in transcribedI just need help with C!

Suber Inc., a calendar year taxpayer, purchased equipment for $840,000 and placed it in service on March 1. Suber's chief engineer determined that the equipment had an estimated useful life of 120 months and a $54,000 residual value. For financial statement purposes, Suber uses the straight-line method to compute depreciation. Use Table 7-2. a. Compute book depreciation for the year. b. Assuming that the equipment has a seven-year recovery period and is subject to the half-year convention, compute MACRS depreciation for the year. c. Compute Suber's book basis and tax basis in the equipment at the beginning of next year. Suber Inc., a calendar year taxpayer, purchased equipment for $840,000 and placed it in service on March 1. Suber's chief engineer determined that the equipment had an estimated useful life of 120 months and a $54,000 residual value. For financial statement purposes, Suber uses the straight-line method to compute depreciation. Use Table 7-2. a. Compute book depreciation for the year. b. Assuming that the equipment has a seven-year recovery period and is subject to the half-year convention, compute MACRS depreciation for the year. c. Compute Suber's book basis and tax basis in the equipment at the beginning of next year

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