Problem 12 (4 points):Mining equipment has been purchased and put into service for a $3,000,000 cost. Calculate: a) b) the 200 % DBSSL (MACRS) depreciation deductions for a 7 year depreciation life, with the year convention assuming the equipment is put in service in June of year 1. the 200 % DBSSL (MACRS) depreciation deductions for a 7 year depreciation life assuming the equipment is put in service the 1st quarter of year 1