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MACRS, ADS (LO. 7) Stan purchases machinery costing $250,000 for use in his business in 2020. The machinery is 7-year MACRS property and has an
MACRS, ADS (LO. 7) Stan purchases machinery costing $250,000 for use in his business in 2020. The machinery is 7-year MACRS property and has an ADS life of 12 years. Refer to the MACRS Depreciation Tables to answer the following questions. Complete a depreciation schedule using the regular MACRS method and ADS (straight-line method) depreciation assuming that Stan does not make a Section 179 election and elects not to claim bonus depreciation. Round depreciation percentages to two decimal places. Round your final answers to the nearest dollar. For ADS, use mid-year convention. For MACRS, adjust the amount of depreciation in 2027 (the last year) so that total depreciation equals $250,000. Year Depreciation MACRS Depreciation ADS 2020 2021 $ 2022 $ $ 2023 $ $ 2024 $ $ 2025 $ $ 2026 $ 2027 $ $
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