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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 ZA Asset Manufacturing equipment Furniture and fixtures Transportation equipment office equipment Initial Recovery Cost Period $299,00 7 years 56,000 7 years 225,000 5 years 120,000 years Date Placed in Service April 23 May 2 September December 1 Required: 2. Compute MRT'S MACRS depreciation with respect to the assets placed in service this year. Assume MRT does not elect to use year bonus depreciation of 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 MRT'S depreciation with respect to the assets already in service? Complete this question by entering your answers in the tabs below. Bored Required Compute MET'S MACRS depreciation with respect to the sets placed in service this year. Assume MRT does not clect to use tirst year tons depreciation or Section 179. Hound your intermediate computations and final answers to the nearest dull mound your percentage answers to decimal places 1.14 sobe entered as 01234).) Cost of or recovery property 252.000

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