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Assume MACRS default (200%) tables are to be used for the problems below. The following property was purchased on the following dates at the following
Assume MACRS default (200%) tables are to be used for the problems below. The following property was purchased on the following dates at the following prices: 5-year equipment, 12/8/15, S58,000 S-year equipment, 8/17/16, S27,000 7-year machinery, 1/10/17, S25,000 What would tax depreciation expense be for the year 2019 for the above assets assuming no immediate expense was taken for any of the assets? If the 7-year machinery was disposed of on 7/25/19, what would 2019 tax depreciation expense be if the other two pieces of equipment were still in use? Table A-1. Year 20-year 3., 5., 7., 10-, 15-, and 20-Year Property Half-Year Convention Depreciation rate for recovery period 3-year 5-year 7-year 10-year 15-year 33.33% 20.00% 14.29% 10.00% 5.00% 44.45 32.00 24.49 18.00 9.50 14.81 19.20 17.49 14.40 8.55 7.41 11.52 12.49 11.52 7.70 11.52 8.93 9.22 6.93 3.750% 7.219 6.677 6.177 5.713 OOvo nawn- 5.76 8.92 8.93 4.46 7.37 6.55 6.55 6.56 6.55 6.23 5.90 5.90 5.91 5.90 5.285 4.888 4.522 4.462 4.461 SE 5.91 5.90 4.462 4.461 4.462 4.461 4.462 5.90 2.95 2 8660 4.461 4.462 4.461 4.462 4.461 2.231
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