Refer to Exhibit 12.4 in the text. What is the depreciation expense deduction in each of 4
Question:
Refer to Exhibit 12.4 in the text. What is the depreciation expense deduction in each of 4 years for a $10,000 asset classified under MACRS as 3-year property?
Exhibit 12.4
Transcribed Image Text:
Year 3-year 5-year 7-year 10-year 15-year 20-year 1 33.33 20.00 14.29 10.00 5.00 3.75 2 44.45 32.00 24.49 18.00 9.50 7.22 14.81 19.20 17.49 14.40 8.55 6.68 4 7.41 11.52* 12.49 11.52 7.70 6.18 5 11.52 8.93* 9.22 6.93 5.71 5.76 8.92 7.37 6.23 5.28 7 8.92 6.55* 5.90* 4.89 8. 4.47 6.55 5.90 4.52 6.56 5.91 4.46* 10 6.55 5.90 4.46 11 3.28 etc. etc.
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Depreciation is a charge calculated on the value of fixed assets ...View the full answer
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