Knute Company purchased only one asset during its calendar taxable year. The asset cost $650,000 and has a three-year recovery period. Use Table 7-2 and Appendix7A. Required: a. Compute MACRS depreciation with respect to this asset over the recovery period assuming that the asset was placed in service or August 18. b. Compute MACRS depreciation with respect to this asset over the recovery period assuming that the asset was placed in service or November 9 . Complete this question by entering your answers in the tabs below. Compute MACRS depreciation with respect to this asset over the recovery period assuming that the asset was placed in service on August 18 . TABLE 7.2 MACRS for Business Personalty (Half-Year Convention)