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4. Prepare a depreciation schedule to be used for tax purposes for a $50,000 of computer equipment using the 150% declining-balance method and a half-year
4. Prepare a depreciation schedule to be used for tax purposes for a $50,000 of computer equipment using the 150% declining-balance method and a half-year convention (the depreciation table below). [15 points) Depreciation Rates for 150% Declining Balance Using the Half- Year Convention Year 5 years (%) 7 years (%) 10 years (%) 15 years (%) 1 15.00 10.71 7.50 5.00 2 25.50 19.13 13.88 9.50 3 17.85 15.03 11.79 8.55 16.66 12.25 10.02 7.70 5 16.66 12.25 8.74 6.93 6 8.33 12.25 8.74 6.23 7 NA 12.25 8.74 5.90 8 NA 6.13 8.74 5.90 9 NA NA 8.74 5.91 10 NA NA 8.74 5.90 11 NA NA 4.37 5.91 12 NA NA NA 5.90 13 NA NA NA 5.91 14 NA NA NA 5.90 15 NA NA NA 5.91 16 NA NA NA 2.95 21 m Dm ($) BVm ($) 0 1 2 3 4 5 6 7 8 21 11 >
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