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A high-precision programmable router for shaping furniture components is purchased by Henredon for $205,000. It is expected to last 12 years. Calculate the depreciation deduction

A high-precision programmable router for shaping furniture components is purchased by Henredon for $205,000. It is expected to last 12 years. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances.

a. using a MACRS-GDS property class of 7 year.

b.Assume the asset is sold during the 5th year of use.

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