Question Help o Shely acquired business machinery (which used as 5 MACRS property on July 15, 2016, for $22.000. In 2016, Shelly claimed a $4,400 regular MACRS depreciation deduction and she elected not to claim Sec 179 depreciation or bonus depreciation. Because of her low tax rate in 2017-2019, Shelly did not claim any depreciation deduction on her tax returns in those years. She is the machine on My1.2019. for 55.000 Click the icon to view the MACRS alyear convention rates) Reference Read the mouirements Requirement What is the adjusted basis of the machine on the date? Select the formula and enter the amounts to compute the adjusted basis of the machine on the sale dale (Use MACRS Adjusted basis time of sale 10.00 Requirements General Depreciation Systems-MACRS Person Property placed in Service A123186 Applicable Conventional Year Applicabile Depreciation Method: 200 150 Percent Declining Balance Switching to train Line Recovery period and Depreciation Rates Recovery Year 3-Year S-Year 7-Year 10-Year 15-Year 20-Year 33 33 20.00 1429 5.00 3.750 Year 2 44 45 32.00 18.00 9.50 7219 Year 14.81 19.20 17:49 14.40 8.55 6.677 Year 4 741 11.52 12.49 7.70 6.177 Year 5 11.52 9.22 Year 693 5.713 5.76 8.92 5.285 Year 7 6.55 5.90 6.55 5.90 Year 6.56 591 4.402 Year 10 5.90 4461 Year 11 3.28 5.91 4.462 Year 12 5.90 4.451 Year 13 591 4462 Year 14 590 4.461 Year 15 591 .. What is the basis of the machine on these date? How much gain or loss is recognized on the sale of the machine? Year Print Done Choose from any list or enter any number in the input fields and then click Check Answer 1 port Clear McBook Pro