Under MACRS, an asset that originally cost $100,000, incurred installation costs of $10,000, and has an estimated
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Question:
Under MACRS, an asset that originally cost $100,000, incurred installation costs of $10,000, and has an estimated salvage value of $25,000, is being depreciated using a 5-year normal recovery period. What is the amortization expense in year 1?
Recovery year | 3 years | 5 years | 7 years | 10 years | |
1 | 33% | 20% | 14% | 10% | |
2 | 45 | 32 | 25 | 18 | |
3 | 15 | 19 | 18 | 14 | |
4 | 7 | 12 | 12 | 12 | |
5 |
| 12 | 9 |
| |
6 |
| 5 | 9 | 8 | |
7 |
|
| 9 | 7 | |
8 |
|
| 4 | 6 | |
9 |
|
|
| 6 | |
10 |
|
|
| 6 | |
11 |
|
|
| 4 |
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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