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Depreciation expense. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $93,000. Calculate the depreciation schedule using a seven-year life (for

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Depreciation expense. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $93,000. 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, . 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 Ife, straight-line depreciation, and the half-year convention for the first and last years, what is the annual depreciation of the trimmer? 9 (Round to the nearest dollar.) Using a seven-year Ife, straight-line depreciation, and the half-year convention for the first and last years, what is the depreciation for the first and last years? \$ (Round to the nearest dottar.) Using a seven-year Ife and MACRS depreciation. What is the annual depreciation of the trimmer for year 1 ? I (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 2 ? S (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 3 ? I (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 4 ? S (Round to the nearest dollar.) What is the annuat depreciation of the trimmer for year 5 ? 5 (Round to the nearest dollar.) Click to select your answer(s). Data table MACRS Fixed Annual Expense Percentages by Recovery Class Click on this icon 0 . to download the data from this table What is the annual depreciation of the trimmer for year 6? S (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 7 ? $ (Round to the nearest dollar.) What is the annual depreciation of the trimmer for year 8 ? 5 (Round to the nearest dollar.) Compare the depreciation schedules before and after taxes using a 40% tax rate. What do you notice about the difference befween these fwo methods? (Select the best response.) A. The difference is that the MACRS moves up the tax shieid to the early years of depreciation yet the total tax shieid is the same under both depreciation schedules. B. The difference is that the Straight-line moves up the tax shield to the early years of depreciation yet the total tax shield is the same under both depreciation schedules

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