Prepare a flowchart for MACRS deprecition/cost recovery of fixewd assets. You may limit your flowchart to tangible personal property falling into 5 and 7 year classes and real property used in rental and non rental classes.

For purpose of your flowchart; you should assume that Section179 exists as well as any " bonus depreciation" provisions that would apply to 2017 acquisitions INCLUDING ANY LAW CHANGES AFFECTING 2017.

Your flowchart should also reflect any limitations applicable to automobiles.( You need not cover any special van/truck provisions).

You may ignore any depreciation implications related to:

Section 179/bonus depreciation on real property

Alternate MACRS lives/methods

Alternative Minimum Tax

State income taxes

You should base your flowchart on 2017 tax provisions.