Depreciation expense. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $87,000....

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Depreciation expense. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $87,000. Calculate the depreciation schedule using a seven-year life (for the property class category of a single-purpose agricultural and horticultural structure from Table 10.3) for both straight-line depreciation and MACRS, . Use the half-year convention for both methods. Compare the depreciation schedules before and after taxes using a 40% tax rate. What do you notice about the difference between these two methods? Using a seven-year life, straight-line depreciation, and the half-year convention for the first and last years, what is the annual depreciation of the trimmer? $ (Round to the nearest dollar.) Using a seven-year life, straight-line depreciation, and the half-year convention for the first and last years, what is the depreciation for the first and last years? (Round to the nearest dollar.) Using a seven-year life and MACRS depreciation, , what is the annual depreciation of the trimmer for year 1? (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 2? Data table $ (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 3? MACRS Fixed Annual Expense Percentages by Recovery Class Click on this icon to download the data from this table (Round to the nearest dollar.) Year 3-Year 5-Year 7-Year 10-Year What is the annual depreciation of the trimmer for year 4? (Round to the nearest dollar.) 1 33.33% 20.00% 14.29% 10.00% 2 44.45% 32.00% 24.49% 18.00% 3 14.81% 19.20% 17.49% 14.40% What is the annual depreciation of the trimmer for year 5? 4 7.41% 11.52% 12.49% 11.52% 5 11.52% 8.93% 9.22% (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 6? (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 7? (Round to the nearest dollar.) 8 6 5.76% 8.93% 7.37% 7 8.93% 6.55% 4.45% 6.55% 9 10 11 6.55% 6.55% 3.28% Drint Done Depreciation expense. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $87,000. Calculate the depreciation schedule using a seven-year life (for the property class category of a single-purpose agricultural and horticultural structure from Table 10.3) for both straight-line depreciation and MACRS, . Use the half-year convention for both methods. Compare the depreciation schedules before and after taxes using a 40% tax rate. What do you notice about the difference between these two methods? Using a seven-year life, straight-line depreciation, and the half-year convention for the first and last years, what is the annual depreciation of the trimmer? $ (Round to the nearest dollar.) Using a seven-year life, straight-line depreciation, and the half-year convention for the first and last years, what is the depreciation for the first and last years? (Round to the nearest dollar.) Using a seven-year life and MACRS depreciation, , what is the annual depreciation of the trimmer for year 1? (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 2? Data table $ (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 3? MACRS Fixed Annual Expense Percentages by Recovery Class Click on this icon to download the data from this table (Round to the nearest dollar.) Year 3-Year 5-Year 7-Year 10-Year What is the annual depreciation of the trimmer for year 4? (Round to the nearest dollar.) 1 33.33% 20.00% 14.29% 10.00% 2 44.45% 32.00% 24.49% 18.00% 3 14.81% 19.20% 17.49% 14.40% What is the annual depreciation of the trimmer for year 5? 4 7.41% 11.52% 12.49% 11.52% 5 11.52% 8.93% 9.22% (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 6? (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 7? (Round to the nearest dollar.) 8 6 5.76% 8.93% 7.37% 7 8.93% 6.55% 4.45% 6.55% 9 10 11 6.55% 6.55% 3.28% Drint Done