a. Calculate the annual MACRS depreciation for a machine in the 7-year MACRS asset class, assuming that the asset costs $60,000. Use Table 9A-3 for your calculations. Round your answers to the nearest dollar. Year Depreciation 1 2 $ 3 $ 4 5 6 7 8 $ b. If you knew that the asset had an expected salvage value of $3,000 at the end of its 11-year economic life, would your answer to part a change? -Select- Yes No A TABLE 9A.3 Depreciation Rates for MACRS Property Other than Real Property* Recovery Year 3-Year 5-Year 7-Year 1 33.33% 20.00% 14.29% 2 44.45 3200 24.49 3 14.81 19.20 17.49 4 7.41 11.52 1249 5 11.52 8.93 6 5.76 8.92 7 8.93 8 4.46 9 10 11 10-Year 10.00% 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 15-Year 5.00% 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 20-Year 3.750% 7.219 6.677 6.177 5713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 12 13 14 15 16 17 18 19 20 21 *Assumes that the half-year convention applies