Stone Age Concrete, Inc. purchased cement manufacturing equipment valued at $344,000 on March 14, 2001. The equipment is used for business 100% of the time. As the accountant, you have elected to take the maximum section 179 deduction. a.) What is the basic for depreciation of this equipment? b.) Prepare a depreciation schedule for the first five years of operation of this equipment by using MACRS. end of year (for years) 1,2,3,4,5