On January 1, 2020, Coronado Industries purchased a machine costing $359000. The machine is in the MACRS 5-year recovery class for tax purposes and has an estimated $74000 salvage value the end of its economic life. It's based on half year convention. Assuming the company uses the general MACRS approach, the amount of MACRS deduction for tax purposes for the year 2020 is CRS Depreciation Rates by Class of Property yar (200 200%De 00%De 1 35.31 20:00 1429 10:00 5.00 1750 2 4445 3200 3445 18.00 550 .. 1431 1920 3749 1440 855 6477 TAL 1151 12.45 1152 7.70 6177 1152 9.22 6.31 5723 5.76 737 6.33 5205 531 6.35" 5.90 430 . . 11 12 " 34 35 16 44 4.5 5.90 656 442 6.SS 530 ALL 138 4 350 GALL AAL 5.00 5.31 AM 2.35 AND ALL AAL ALL