Problem 12-23 (Algo) MACRS depreciation and cash flow [LO12-2] Telstar Communications is going to purchase an asset for $720,000 that will produce $350,000 per year for the next four years in earnings before depreciation and taxes. The asset will be depreciated using the three-year MACRS depreciation schecule in Table 12 12. (This represents four years of depreciation based on the half-year convention). The firm is in a 25 percent tax bracket. Fill in the schedule below for the next four years