Assume that there is a new proposal to depreciate assets over a 4 year life using a 175% declining balance switching to straight-line using half year convention. (No Bonus or Section 179) Calculate the depreciation of a $1000 asset for each year. (Show your work!) You may not need all of the lines below.

Formula to Calculate Depreciation

Cost: $1,000

Year 1 Depreciation ______ ____________________________________

Adjusted Basis ______

Year 2 Depreciation ______ ____________________________________

Adjusted Basis ______

Year 3 Depreciation ______ ____________________________________

Adjusted Basis ______

Year 4 Depreciation ______ ____________________________________

Adjusted Basis ______

Year 5 Depreciation ______ ____________________________________

Adjusted Basis ______

Year 6 Depreciation ______ ____________________________________