MACRS for Business Personalty (Half-Year TABLE 7.2 Convention) Recovery Period 10-Year 15-Year 20-Year 3-Year 5-Year 7-Year Year Depreciation Rate 20.00% 10.00% 5.00% 1 33.33% 14.29% 3.750% 32.00 9.50 2 44.45 24.49 18.00 7.219 3 14.81 19.20 17.49 14.40 8.55 6.677 4 7.70 6.177 7.41 11.52 12.49 11.52 11.52 9.22 5.713 5 8.93 6.93 6 5.76 8.92 7.37 6.23 5.285 6.55 5.90 4.888 7 8.93 4.522 4.46 6.55 5.90 9 6.56 5.91 4.462 4.461 10 6.55 5.90 11 3.28 5.91 4.462 5.90 12 4.461 13 5.91 4.462 5.90 4.461 14 15 5.91 4.462 16 2.95 4.461 17 4.462 18 4.461 4.462 19 20 4.461 21 2.231 Appendix 7-A Midquarter Convention Tables Miouate Caretn be Bes P te P in tenknhLQute Dapraiation Rte f y Pr 58 3 28 DE NT 2000 5 31 n20 154 s54 874 Stan 13 650 590 4740 44ny 4460 4460 4c60 4di0 4459 ass7 C d s P aly PlainSr in Sal Qrlen B 15-wm 20wr 2ear 1250 4 2500% 625m 000 224 saa 37 521 655 4470 248 403 TH 21 221 4412 4407 4 411 Miar Cemventen f un Prsonay Pled n Serviee in Tnd Quart Dereaten See er eery Pr 20-es 2 8E aean we T-eam 2500% 375 4004 2 2040 22 6342 020 9/7 107 T 533 655 s30 450 690 4490 655 590 4400 T 411 440 san 440 4 an 440 401 4401 4-9 20 4 400 2389 Midueer Coneron for Dunirem Persorety Peced in Service in ourth Queter Deprecletion Ret for Recavery Pwlad en 7er 15en 20er 9.22 500% 50% 123) 2755 7430 22 2030 958 299 54090 N4 656 656 4M66 14 4AP 301 Erwin Company, a calendar year taxpayer, made only two purchases of depreciable personalty this year. The first purchase was five-year recovery property costing $318,800, and the second purchase was seven-year recovery property costing $594,000. Use Table 7-2 and Appendix 7-A. 16 a. Compute Erwin's first-year MACRS depreciation with respect to the personalty assuming that the first purchase occurred on February 2, and the second purchase occurred on June 18 b. Compute Erwin's first-year MACRSS depreciation with respect to the personalty assuming that the first purchase occurred on February 2, and the second purchase occurred on October 13. 4 points 01:25:19 Complete this question by entering your answers in the tabs below. Skipped Required A Required B ook Compute Erwin's first-year MACRS depreciation with respect to the personalty assuming that the first purchase occurred on February 2, and the second purchase occurred on June 18. (Round your final answers to the nearest whole dollar amount.) MACRS Depreciation Five-year recovery property Seven-year recovery property Required B Required A