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I need help completing this assignment. Its for my tax class and i am not sure on what to do.

ACC 5170/7120 DEPRECIATION ASSIGNMENT FALL 2016 Polo Products manufactures truck and bus components. In year 1 it acquires and puts into service the following: ASSET DATE COST Used Press Feb. 15 $400,000 Special Tools (new) Feb. 15 $275,000 Computer Equipment (new) July 1 $600,000 New Machinery July 1 $925,000 You may ±nd the following information helpful: DESCRIPTION CLASS LIFE GDS ADS Equipment – Manufacture of Motor Vehicles 12 7 12 Special Tooling – Manufacture of Motor Vehicles 3 3 3 Computer Hardware 6 5 5 Determine each asset's entire depreciation schedule using: 1. MACRS 2. MACRS ADS 3. ACRS 4. MACRS and claiming Section 179 on the computer equipment 5. MACRS and claiming bonus depreciation on the computer equipment, and the New Machinery's date is October 15, Year 1. For purposes of this assignment assume 2015 is year 1. For the assignment, do not worry about actual calendar years, just identify year 1, year 2, etc. While not required, use of Excel or other spreadsheet software is recommended for this assignment. THIS ASSIGNMENT IS DUE THURSDAY NOVEMBER 10
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MACRS.docx

UsedPress (MACRS)
Accumulat Year Basis % $400,0 14.29 00 % $400,0 24.49 00 % $400,0 17.49 00 % $400,0 12.50 00 % $400,0 8.93 00 % $400,0 8.93 00 % $400,0 8.93 2021 00 2022 $400,0 2015 2016 2017...

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