Mooter Products manufactures truck and bus components. In year 1 it acquires and puts into service the following:

ASSET DATE COST

Used Press Feb. 15 $400,000

Special Tools (new) Feb. 15 $275,000

Computer Equipment (new) July 1 $600,000

New Machinery July 1 $925,000

You may find the following information helpful:

DESCRIPTION CLASS LIFE GDS ADS

Equipment Manufacture of Motor Vehicles 12 7 12

Special Tooling Manufacture of Motor Vehicles 3 3 3

Computer Hardware 6 5 5

Determine each asset's entire depreciation schedule using:

1. MACRS

2. MACRS ADS

3. ACRS

4. MACRS and claiming Section 179 on the computer equipment

5. MACRS and claiming bonus depreciation on the computer equipment, and the New Machinery's date is October 15, Year 1.

For purposes of this assignment assume 2015 is year 1. For the assignment, do not worry about actual calendar years, just identify year 1, year 2, etc.

While not required, use of Excel or other spreadsheet software is recommended for this assignment.