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Please be specific and do not jump any steps that require an algebraic solution. Thank you 08.03-PR005 A digitally controlled plane for manufacturing furniture (MACRS-GDS

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Please be specific and do not jump any steps that require an algebraic solution. Thank you

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08.03-PR005 A digitally controlled plane for manufacturing furniture (MACRS-GDS 7-year property) is purchased on April 1 by a calendar-year taxpayer for $66,000. It is expected to last 12 years and have a salvage value of $5,000. Calculate the depreciation deduction during years 1, 4, and 8 using MACRS-GDS allowances

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