Problem:
On March 15, year 1, James Smith formed a business to rent and service vending machines.
In April of year 1, James bought 20 venting machines for $60,000; in April of year 2, he bought 20 more machines for $65,000; in June of the current year, he purchased 10 more vending machines for $35,000. All vending machines have a seven-year life and are depreciated under MACRS, compute depreciation for current.