An engineering company uses MACRS depreciation with the half-year convention and it has decided to purchase a mainframe computer system & high end copier machines. the CFO asked the accounting department to list the depreciation schedule well-in-advance so that a better tax-savings approach can be adopted. Given the following data:

First cost = $550,000 Salvage Value = $50,000

Tabulate the annual findings/figures to include the following:

Year

MACRS%

Depreciation Amount

Book Value