The BA Company has a crane that cost $500,000 in 2019. The company uses the MACRS depreciation method. The special crane has a seven-year useful life. In 2021 the company purchased one auto for $ 40,000 and one over the road tractor for $100,000. The owner, Mr. Tax-avoider has come to you for advice on how to recoup his purchase price. 1. Determine the useful life of the new purchases. 2. Determine the depreciation to use on his tax return under the MACRS method in 2021. 3. The owner then states he thinks his next income before depreciation will be either $ 100,000 or 160,000. He does not want to pay any taxes this year. Calculate the section 179 amount you would use, if any in both scenarios. 4. Mr. Tax-avoider, then has he has an offer to sell the crane for $290,000. Would this cause a gain or a loss on his 2022 tax year? 5. How could you avoid the possible tax liability.