Johnson Industries purchased a metal$-$working lathe for $$36,000.$ This item will be used for business $90\%$ of the time. Accountants elected to take a $$15,000$ section $179$ deduction and utilize the special depreciation allowance of $50\%.$ Prepare a depreciation schedule $($in $$)$ using MACRS. Round all dollar amounts to the nearest cent. Johnson Industries MACRS Depreciation Schedule$-$Metal$-$working Lathe ohnson Industries purchased a metal$-$working lathe for $$32,000.$ This item will be used for business $90\%$ of the time. Accountants elected to take a $$11,000$ section $179$ deduction and utilize the special depreciation allowance of $50\%.$ Prepare a depreciation schedule $($in $$)$ using MACRS. Round all dollar amounts to the nearest cent. Johnson Industries MACRS Depreciation Schedule$$Metal$-$working Lathe End of Year Basis for Depreciation $$ Recovery Percent $=$ MACRS Depreciation Deduction Accumulated Depreciation Book Value $ $1$ $ $33\mathrm{.}33\%=$ $ $ $ $2$ $ $44\mathrm{.}45\%=$ $ $ $ $3$ $ $14\mathrm{.}81\%=$ $ $ $ $4$ $ $7\mathrm{.}41\%=$ $ $ $