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