TPC 07-01 (Static) (LO 7-5) MRT, a calendar year corporation, placed the following assets in service this year. Use Table 7.2 and Appendix 7.A. Asset Manufacturing equipment Furniture and fixtures Transportation equipment office equipment Initial Cost $259,000 56,000 225,000 120,000 Recovery Period 7 years 7 years 5 years 7 years Date Placed in Service April 23 May 2 September December 1 Required: a. Compute MRT'S MACRS depreciation with respect to the assets placed in service this year. Assume MRT does not elect to use first year bonus depreciation or Section 179. b. in December, MRT decided to purchase $285,000 of additional equipment. The corporation could buy the equipment and place in service before year-end, or it could postpone the purchase until January. What effect does this decision have on MRTS depreciation with respect to the assets already in service? Complete this question by entering your answers in the tabs below. Requited A Required Compute MRT'S MACRS depreciation with respect to the assets placed in service this year. Assume MRT does not elect to use Erst year bonus depreciation or Section 179. (Round your intermediate computations and final answers to the nam dollar amount. Round your percentage answers to 4 decimal places in 1234 should be entered as 0.1234) Cost of 5 year recovery property