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Below is the 3 year Modified Accelerated Cost Recovery System(MACRS) schedule: Year 1234 3-year MACRS0.3330.4450.1480.074 When depreciating$40,000 of equipment on a 3 year MACRSschedule, your

Below is the 3 year Modified Accelerated Cost Recovery System(MACRS) schedule:

Year 1234

3-year MACRS0.3330.4450.1480.074

When depreciating$40,000 of equipment on a 3 year MACRSschedule, your depreciation the first year would be$13,320, leaving a book value of$26,680. What is the depreciation for the nextyear?

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