16.12. (a) A heavy truck bought in 1983 was purchased for $40,000. Determine the amount of the...

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16.12.

(a) A heavy truck bought in 1983 was purchased for $40,000. Determine the amount of the write-off each year for tax purposes.

(b) A light truck was bought on June 25, 1985, for $12,000. Compute each year's depreciation for income tax purposes.

(c) An asset bought in 1996 for $21,000 falls in the 3-year class for depreciation. What amount of depreciation will be taken in each year?

(a) 1983 1984 1985 1986 1987

(b) 1985 1986 1987

(c) 1996 1997 1998 1999

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