Willis Corporation (a calendar-year corporation) purchased $550,000 of machinery (7-year property) on August 1, 2018. No other property was acquired in 2018. What is the maximum depreciation expense Willis Corporation can claim for 2018? Click here to view MACRS and ADS Rates. 2018 $ Do not use commas in your answers. Table 7.2 MACRS Rates for 5-Year and 7-Year Personalty Using the Half-Year Averaging Convention Recovery year va OWN 5-year 20.00% 32.00 19.20 11.52 11.52 5.76 7-year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 'Switchover to straight line Table 7.6 ADS Straight-Line (Half-Year Convention) for 5-Year and 7-Year Personalty Recovery year 5-year 7-year 10.00% 7.14% 20.00 14.29 20.00 14.29 20.00 14.28 20.00 14.29 10.00 14.28 14.29 2 l 8 2 7.14