Depreciation A firm is evaluating the acquisition of an asset that costs $$65,400$ and requires $$3,850$ in installation costs. If the firm depreciates the asset under MACRS, using a

five$-$year recovery period $($see table # $),$ determine the depreciation charge for each year.

Data table

The annual depreciation expense for year $1$ will be $

The annual depreciation expense for year $2$ will be $

The annual depreciation expense for year $3$ will be $

The annual depreciation expense for year $4$ will be $

The annual depreciation expense for year $5$ will be $

The annual depreciation expense for year $6$ will be $

$($Click on the icon here $$ in order to copy the contents of the data table below into a spreadsheet.$)$

Rounded Depreciation Percentages by Recovery Year Using MACRS for

First Four Property Classes