Question: Tom has bought a yellow automobile for $10K. Using MACRS GDS and DDB depreciation, construct the annual depreciation allowance table. For automobiles: IRS asset class

Tom has bought a yellow automobile for $10K. Using MACRS GDS and DDB depreciation, construct the annual depreciation allowance table. For automobiles: IRS asset class = 0.22, years = 3, MACRS (GDS, ADS) = 5. MACRS assumes $0 salvage value.

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