Depreciation expense. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $92,000. Calculate the depreciation schedule using a seven-year life (for the property class category of a single-purpose agricultural and horticultural structure from Table 10.3) for both straight-line depreciation and MACRS, EH. Use the half-year convention for both methods. Compare the depreciation schedules before and after taxes using a 40% tax rate. What do you notice about the difference between these two methods? Using a seven-year life, straight-line depreciation, and the half-year convention for the first and last years, what is the annual depreciation of the trimmer? S (Round to the nearest dollar.) Using a seven-year life, straight-line depreciation, and the half-year convention for the first and last years, what is the depreciation for the first and last years? s (Round to the nearest dollar.) Using a seven-year life and MACRS depreciation, , what is the annual depreciation of the trimmer for year 1? $ (Round to the nearest dollar.) Data Table What is the annual depreciation of the trimmer for year 2? $ (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 3? $ (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 4? S (Round to the nearest dollar.) MACRS Fixed Annual Expense Percentages by Recovery Class Year 3-Year 5-Year 7-Year 10-Year 33.33% 20.00% L. 14.29% 10.00% 2 44.45% 32.00% 24.49% 18.00% 14.81% 19.20% 17.49% 14.40% 7.41% 11.52% 12.49% 11.52% 11.52% 8.93% 9.22% 5.76% 8.93% 7.37% 8.93% 6.55% 4.45% 4.45% 6.55% 6.55% 6.55% 3.28% COOROAN What is the annual depreciation of the trimmer for year 5? S (Round to the nearest dollar.) Click to select your answer(s)