7. Revised scenario: Same asset acquisition date, same amount, but this time Michael asks you to

compute the maximum depreciation she can take without electing Section 179 at all, i.e. how can she deduct the

most depreciation without using Section 179. Hint - not ADS or Straight-line. Remember the ORDERING rules!

a. Show the calculation required to achieve the highest-possible depreciation deduction for 2023 without

using Section 179. Label each calculation and describe the depreciation method used.

b. Show the calculation of 2024 (year 2) depreciation assuming same sale scenario given in #6.

c. Show the calculation of adjusted basis at sale date after calculation in 7b.

d. Show the calculation of Michael's gain or loss, again, using the same sale proceeds given in #6.