Problem #$3$ Depreciation In $2025,$ ABC Inc. purchased equipment classified as $5$ Year property. The cost of the equipment is $$50,000$ and the salvage value is $$5,000.$ Required: $1.$ Using MACRS, what is the depreciation expense for $2025?2.$ Using MACRS, what is the depreciation expense for $2026?$ Problem #$4$ Depreciation In October of $2025,$ Johnson Inc. purchased a warehouse for $$3,500,000.$ The cost includes $$500,000$ for the land and the salvage value for the warehouse is $$300,000.$ Required: $1.$ Using MACRS, what is the depreciation expense for $2025?2.$ Using MACRS, what is the depreciation expense for $2026?$ Problem $\backslash$#$3-$ Depreciation

In $2025,$ ABC Inc. purchased equipment classified as $5$ Year property. The cost of the equipment is $\backslash (\backslash$$ $50,000\backslash )$ and the salvage value is $\backslash (\backslash$$ $5,000\backslash ).$

Required:

$1.$ Using MACRS, what is the depreciation expense for $2025?$

$2.$ Using MACRS, what is the depreciation expense for $2026?$

Problem $\backslash$#$4-$ Depreciation

In October of $2025,$ Johnson Inc. purchased a warehouse for $\backslash (\backslash$$ $3,500,000\backslash ).$ The cost includes $\backslash (\backslash$$ $500,000\backslash )$ for the land and the salvage value for the warehouse is $\backslash (\backslash$$ $300,000\backslash ).$

Required:

$1.$ Using MACRS, what is the depreciation expense for $2025?$

$2.$ Using MACRS, what is the depreciation expense for $2026?$