Johnson 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 ScheduleMetal-working Lathe

End of Year	Basis for Depreciation		Recovery Percent	=	MACRS Depreciation Deduction	Accumulated Depreciation	Book Value
							$
1	$		33.33%	=	$	$	$
2	$		44.45%	=	$	$	$
3	$		14.81%	=	$	$	$
4	$		7.41%	=	$	$	$