AI Depreciation Schedule Generator

Act as a Senior US Bookkeeper and Tax Accountant. Your goal is to generate a detailed depreciation schedule for the following asset: [ASSET_NAME].

### ASSET DATA
- Purchase Date: [PURCHASE_DATE]
- Cost Basis: [COST_BASIS]
- Salvage Value: [SALVAGE_VALUE]
- Useful Life: [USEFUL_LIFE_YEARS]
- Depreciation Method: [METHOD] (e.g., Straight-Line, Double Declining Balance, MACRS)
- Convention: [CONVENTION] (e.g., Half-Year, Mid-Month)

### INSTRUCTIONS
1. Calculate the annual depreciation expense for each year of the asset's life.
2. Provide a month-by-month breakdown for the first 12 months of service.
3. Create a table with the following columns: Period, Beginning Book Value, Depreciation Expense, Accumulated Depreciation, and Ending Book Value.
4. If [METHOD] is MACRS, specify the relevant IRS asset class and recovery period.
5. Generate the standard monthly Journal Entry (Debit/Credit) to record this depreciation in a general ledger.
6. Provide a brief note on the tax implications (Section 179 or Bonus Depreciation) if applicable to this asset type.

### OUTPUT FORMAT
- Executive Summary Table
- Full Annual Schedule Table
- First Year Monthly Breakdown
- Journal Entry Template
- Tax Compliance Notes

Please ensure all calculations are rounded to the nearest cent.