Depreciation In early 2019, Sosa Enterprises purchased a new machine for $10,000 to make cork stoppers for wine bottles. The machine has a 3-year recovery period and is expected to have a salvage value of $2,000. Develop a depreciation schedule for this asset using the MACRS depreciation percentages in Table 4.2. Table 4.2 Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year Recovery year 3 years 5 years 7 years These percentages have been rounded to the nearest whole percent. 1 2 3 4 5 6 7 8 9 10 11 Totals 10 years 33% 20% 14% 10% 45 32 25 18 15 19 18 14 7 12 12 12 12 9 9 5 9 8 9 7 4 6 6 6 4 100% 100% 100% 100% Answers (insert your answers in the highlighted cells; use cell references, equations, and functions wherever possible) Depreciation Schedule - Cork stopper machine Year 1 2 3 4 Cost Table 4.2 Percentages Depreciation