based on the 3 charts provided (A,B,C) what is the tax deduction for each chart ? (this question is presented under Chart C) I believe its asking for the tax deduction for each chart based on year 2 not sure

each scenario, you are presented with a five year colander. Complete each according to the information presented. Some rows may not have entries. You purchase a $8000 computer for your business with a three year useful life. At the end of three years the computer is only worth $400. You choose to depreciate this equipment using straight line depreciation. Complete the following chart ( as it covers a five year period not all rows may have entries) Chart A Book value at Depreciation $ start of period amount Type in the calculation used to obtain each year's Book value at end value of period Period: (cost-salvage value)/ROD Year 1 S 8,000.00 $ 2,533.33 $8,000 - $400/3 years $ 5,466.67 year2 S 5,466.67 S 2,533.33 $5466.67 - $2533.33 S 2,933.34 year3 2,933.34 S 2,533,33 2933.33-2533.33 $ 400.01 year4 years You purchase an industrial $5000 die cutting machine for your business that has a four year useful life. At the end off four years the equipment is worth ZERO. You choose to depreciate this equipment using double declining depreciation. Complete the following chart (as it covers a five year period, not all rows may have entries) Chart B Book value at start of period Depreciation Samount Type in the calculation used to obtain each year's Book value at end value of period rate = (100%/useful life) 2 Period: S $ Year 1 2,500.00 5,000.00 $ 2,500.00 $5,000 * 50% = 2,500; 5,000-2500 $ 1,250.00 year2 S 2,500.00 $ 1,250.00 $2,500*50%=1250; 2500 1250 $ year3 625.00 KEY: Switched over to straight lined $ 1,250.00 $ 625.00 $1250/2 yrs 625, 1250-625 -625 S S year 4 625.00 $ 625.00 $625-6250 year 5 B D E F G Your purchase a $1,500 paper folding machine for your business that has a 5 year useful life. It also will have a zero salvage value. However, instead of depreciating it you choose to expense it. Complete the following chart Chart C Period year 1 year 2 Year 3 year 4 year 5 Book value at start of period Expense amount Type in the formula used to obtain the value Book value at end of period 100% / useful life (5) = 20% $ 1,500.00 $ 300.00 $1,500 * 20% $ 1,200.00 $ 1,200.00 $ 300.00 (start value-expense amt), 1200-300 $ 900.00 $ 900.00 $ 300.00 900-300 = 500 $ 600.00 $ 600.00 $ 300.00 600-300 = 300 $ 300.00 $ 300.00 $ 300.00 300-300 = 0 $ What is your tax deduction for each of these: Chart A Chart B Year 2 Chart C