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Show all of your work for full and partial credit 2 2 . On August 1 , 2 0 2 3 , Elijah purchased manufacturing

Show all of your work for full and partial credit
22. On August 1,2023, Elijah purchased manufacturing equipment for use in his business. This is the only asset placed in service this year. The equipment cost $14,000 and has an estimated useful life and MACRS class life of 7 years.
a. Calculate the amount of depreciation on the manufacturing equipment for 2023 using the accelerated MACRS method and no election to expense or use bonus depreciation is made. Round answer to the nearest dollar.
b. Calculate the amount of depreciation on the manufacturing equipment for 2023 using the accelerated MACRS method and bonus depreciation used but no election to expense.
c. Calculate the amount of depreciation on the manufacturing equipment for 2023 using the straight-line MACRS optional method and no election to expense or use bonus depreciation is made. Round answer to the nearest dollar.

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