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Please only calculate, and fill in the chart ! Only part B needed ! 13. Stone Age Concrete, Inc., purchased cement manufacturing equipment valued at

Please only calculate, and fill in the chart ! Only part B needed ! image text in transcribed
13. Stone Age Concrete, Inc., purchased cement manufacturing equipment valued at $420,000 on March 14, 2014. The equipment is used for business 100% of the time. The firm's accountant elected to take a $100,000 section 179 deduction. You have been asked to review the depreciation figures used for this equipment. a. What is the basis for depreciation of this equipment? b. Prepare a depreciation schedule for the first five years of operation of this equipment by using MACRS. Stone Age Concrete, Inc. MACRS Depreciation Schedule Cement Manufacturing Equipment Cost Recovery Cost Recovery Accumulated Percentage (depreciation) Depreciation End of Year Original Basis (cost) Book Value (new)

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