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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

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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. End of Year Johnson Industries MACRS Depreciation Schedule-Metal-working Lathe Recovery MACRS Depreciation Percent Deduction Basis for Depreciation Accumulated Depreciation Book Value 1 33.33 3

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