Stan purchases machinery costing $180,000 for use in his business in 2020. The machinery is 7-year MACRS property and has an ADS life of 12 years.

Refer to the MACRS Depreciation Tables to answer the following questions.

Complete a depreciation schedule using the regular MACRS method and ADS (straight-line method) depreciation assuming that Stan does not make a Section 179 election and elects not to claim bonus depreciation. Round depreciation percentages to two decimal places. Round your final answers to the nearest dollar.

For ADS, use mid-year convention. For MACRS, adjust the amount of depreciation in 2027 (the last year) so that total depreciation equals $180,000.

Year Depreciation MACRS Depreciation ADS 2020 A $ $ 2021 2022 2023 2024 bulll llllIII 2025 2026 2027 $ $