Spencer Services purchased one asset (only) during the current year. On August 25 Spencer Services placed in service a network equipment (five-year property) with a basis of $44,000. Calculate the maximum depreciation expense for each yearof the asset's useful life, ignoring Sect. 179 and bonus depreciation. Use your book's table 1.

Type of asset	Date in service	Recovery period	Cost basis	Depreciation rate	Depreciation expense	Accumulated Depreciation	Adjusted tax basis	Year
Network equipment	8/25/Y1	5 year	44,000					Y1
								Y2
								Y3
								Y4
								Y5
								Y6