Klassen Auto Repair will also have Depreciation Expense. The shop has the following depreciable property, which has been depreciated according to a regular MACRS schedule, and no 179 or additional first-year depreciation has been or will be taken: - Diagnostic Equipment (MACRS 7-year \% method) with a cost of $50,000 was placed in service on June 15, 2019. - Diagnostic Equipment (MACRS 7-year % method) with a cost of $50,000 was placed in service on May 15,2018. Klassen Auto Repair will also have Depreciation Expense. The shop has the following depreciable property, which has been depreciated according to a regular MACRS schedule, and no 179 or additional first-year depreciation has been or will be taken: - Diagnostic Equipment (MACRS 7-year \% method) with a cost of $50,000 was placed in service on June 15, 2019. - Diagnostic Equipment (MACRS 7-year % method) with a cost of $50,000 was placed in service on May 15,2018