Please determine Pete's depreciation deduction (without $179 expensing or first year additional depreciation). Pete acquired the following new assets during the year: . A breeding hog (3-year property ) for which he paid $2,000 and placed in service in March. . Railroad tracks (7-year property) for which he paid $60,000 and placed in service in October. . A taxi (5-year property ) for which he paid $3,000 and placed in service in December. 9 Adjusted MACRS Total Date Asset Convention Basis/Cost Percentage Depreciation Breeding March Hog Railroad October Tracks December Taxi Question 28 (Chapter 8) Same, except that Pete purchases the railroad tracks in April. Adjusted MACRS Total Date Asset Convention Basis/Cost Percentage Depreciation Breeding March Hog Railroad April Tracks December Taxi