QUESTION 40 10 point Use the following tables to answer the question below: Lonestar Corporation purchased a new truck for $45,000. Once the vehicle is taken out of service, they expect for it to be able to be sold for $15,000. What is the depreciation expense each year? Property class (recovery period) Definition 3 years 5 years 7 years Research equipment and certain special tools Computers, printers, copiers, duplicating equipment, cars, light-duty trucks, qualified technological equipment, and similar assets Office furniture, fixtures, most manufacturing equipment, railroad track, and single-purpose agricultural and horticultural structures Equipment used in petroleum refining or in the manufacture of tobacco products and certain food products 10 years Percentage by recoYery year Question Completion Status: Percentage by recovery year Recovery year 5 years 7 years 10 years 14% 10% 2. 3 years 33% 45 15 7 20% 32 19 25 18 12 18 14 3 4 12 12 12 9 5 9 6 5 9 8 7 9 7 8 4 6 9 6 10 6 4 11 Totals 100% 100% 100% 100% "These percentages have been rounded to the nearest whole percent to simplify calculations while retain ing realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance depreciation using the half-year convention