automobile depreciation limit table: Recovery Year Year Placed in Service 2021* 2020 2019 2018 1 10,100** 10,100**
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Question:
automobile depreciation limit table:
Recovery Year | Year Placed in Service | |||
---|---|---|---|---|
2021* | 2020 | 2019 | 2018 | |
1 | 10,100** | 10,100** | 10,100** | 10,000** |
2 | 16,100 | 16,100 | 16,100 | 16,000 |
3 | 9,700 | 9,700 | 9,700 | 9,600 |
4 and after | 5,760 | 5,760 | 5,760 | 5,760 |
Table 1 MACRS Half-Year Convention
Depreciation Rate for Recovery Period | ||||||
---|---|---|---|---|---|---|
3-Year | 5-Year | 7-Year | 10-Year | 15-Year | 20-Year | |
Year 1 | 33.33% | 20.00% | 14.29% | 10.00% | 5.00% | 3.750% |
Year 2 | 44.45 | 32.00 | 24.49 | 18.00 | 9.50 | 7.219 |
Year 3 | 14.81 | 19.20 | 17.49 | 14.40 | 8.55 | 6.677 |
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