Year 1 5. (Total 10 points) Take into account a property typically categorized as 7-year property,...

 

 

Transcribed Image Text:

Year 1 5. (Total 10 points) Take into account a property typically categorized as 7-year property, with a price tag of $20,000. Utilize the MACRS to fill out the provided table. Beginning Book Value $20,000.00 Ending Book Value $ XXXX Depreciation $ XXXX 2 XXXX XXXX XXXX 3 XXXX XXXX XXXX 4 XXXX XXXX XXXX 56780 XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Year 1 5. (Total 10 points) Take into account a property typically categorized as 7-year property, with a price tag of $20,000. Utilize the MACRS to fill out the provided table. Beginning Book Value $20,000.00 Ending Book Value $ XXXX Depreciation $ XXXX 2 XXXX XXXX XXXX 3 XXXX XXXX XXXX 4 XXXX XXXX XXXX 56780 XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX