Question: First cost = $ 8 0 0 0 0 Book depreciation life = 7 years MACRS property class = 7 years Salvage value = 2

First cost=$80000
Book depreciation life =7 years
MACRS property class =7 years
Salvage value =24000
n=1-8 A =80008000800080008000800080000
B=22857163271166151540000
C=11429
19592
13994
9996
7140
7140
7140
3570
D=22857
16327
11661
8330
6942
6942
6942
0
Identify the depreciation method used for each depreciation schedule as one of the following: a. Double-declining-balance depreciation b. Straight-line depreciation c. DDB with conversion to straight-line depreciation, assuming a zero salvage value d. MACRS seven-year depreciation with the half-year convention e. Double-declining-balance (with conversion to straight-line depreciation)

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