Joseph purchased the assets located in the exhibits in 2017 for use in his business. Assuming that all assets have 7-year MACRS periods and that Joseph maximizes his total depreciation expense, calculate the items below. For each item, enter the appropriate amounts in the associated cells. If the amount is zero, enter a zero (0).

1. Total Sec. 179 expense
2. Total bonus depreciation
3. MACRS depreciation for the new office furniture
4. MACRS depreciation for the new machinery
5. MACRS depreciation for the used machinery

Office Furniture SALES RECEIPT Date: 1/1/17 Qty 60 Chairs 40 Desks PriceAmount 100 6,000 2,500 100,000 Description Misc Office Furniture 54,000 Subtotal: 160,000 Tax Total: 160,000 Sale Made with: I 1 Cash [X] Credit Card I 1 Check, No. I 1 Other Customer Copy