Question: Apply the MACRS method to determine the depreciation amount for $2,000 worth of equipment with a service life of three years. begin{tabular}{|l|c|c|c|} hline Year &

Apply the MACRS method to determine the depreciation amount for $2,000 worth of equipment with a service life of three years. \begin{tabular}{|l|c|c|c|} \hline Year & \begin{tabular}{c} Recovery(Depreciation) \\ Rate \end{tabular} & Depreciation Amount & Book Value after Depreciation \\ \hline 1 & 33% & & \\ \hline 2 & 45% & & \\ \hline 3 & 15% & & \\ \hline 4 & 796 & & \\ \hline \end{tabular} For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). p

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