MACRS-ADS depreciation is only considered in Section 9.6.1, and no tables are provided in this text. A 27.5-year residential rental property is purchased in April by a calendar-year taxpayer for $88,000. Determine the first, fifth, and forty-first year’s depreciation percentage to two places after the decimal (e.g., 4.28 percent) and the depreciation allowance using MACRS-ADS with a midmonth convention. Remember, a 40-year period is used. Hint: There are 8.5 months left in the first year for an asset purchased in mid-April.