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I just need help with C! TABLE 7.2 MACRS for Business Personalty (Half-Year Convention) Recovery Period 5-Year 7-Year 10-Year 15-Year 20-Year Depreciation Rate 20.00% 14.29%

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TABLE 7.2 MACRS for Business Personalty (Half-Year Convention) Recovery Period 5-Year 7-Year 10-Year 15-Year 20-Year Depreciation Rate 20.00% 14.29% 10.00% 5.00% 3.750% 3-Year Year 1 33.33% 2 44.45 32.00 24.49 18.00 9.50 7.219 3 14.81 19.20 17.49 14.40 8.55 6.677 4 7.41 11.52 12.49 11.52 7.70 6.177 5 11.52 8.93 9.22 6.93 5.713 6 5.76 8.92 7.37 6.23 5.285 7 8.93 6.55 5.90 4.888 00 4.46 6.55 5.90 4.522 9 6.56 5.91 4.462 10 6.55 5.90 4.461 11 3.28 5.91 4.462 12 5.90 4.461 13 5.91 4.462 14 5.90 4.461 15 5.91 4.462 16 2.95 4.461 17 4.462 18 4.461 19 4.462 20 4.461 21 2.231 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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