Tasty Bakery Corporation is evaluating the acquisition of a bakery machine that costs $72,000 and requires $3,000 in installation costs. If the corporation depreciates the machine under MACRS, using a 5-year recovery period (see Table 4.2 on page 166 for the applicable depreciation percentages), determine the depreciation charge for each year.

Table 4.2:

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TABLE 4.2 Recovery year 1 2 3 4 56700 8 9 10 11 Totals Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes 3 years 33% 45 15 7 100% Percentage by recovery year" 5 years 7 years 20% 14% 25 18 12 32 19 225 12 12 100% 9 9 9 100% 10 years 10% 18. 14 12 9 8 7 6 6 6 100%