MACRS, ADS (LO. 7) Stan purchases machinery costing $290,000 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 $290,000. Year Depreciation MACRS Depreciation ADS 2020 $ 41,441 20,706 X 2021 $ 71,021 41,441 x 2022 $ 50,721 41,441 X 2023 $ 36,221 $ 41,441 X 2024 25,897 41,441 x 2025 $ 25,868 $ 41,441 X 2026 25,897 $ 41,441 x 2027 12,934 $ 20,706 X