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 $300,000 Special Tools (new) May 15 $425,000 Computer Equipment (new) July 1 $800,000 New Machinery August 31 $925,000 New Printers October 1 $150,000 You may find 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 (includes printers) 6 5 5 Determine each asset's entire depreciation schedule using: 1. MACRS 2. ACRS 3. MACRS and claiming Section 179 on the computer equipment 4. 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 2016 is year 1 for any 179/bonus depreciation calculations. For the assignment, do not worry about actual calendar years, just identify year 1, year 2, etc.