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Depreciation Norton Systems acquired two new assets. Asset A was research equipment costing $ 1 7 , 0 0 0 ?and having a three -

Depreciation Norton Systems acquired two new assets. Asset A was research equipment costing $17,000 ?and having a three-year recovery period. Asset B was duplicating equipment with an installed cost of $45,000 ?and a five-year recovery period. Using the MACRS depreciation percentages in Table 4.2, ?prepare a depreciation schedule for each of these assets.

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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 10 years 1 33% 20% 14% 10% 2 45 32 25 18 3 15 19 18 141 4 7 12 12 12 5 6 7 8 9 10 .11 12 9 9 5 9 8 9 7 4 6 6 6 4 Totals 100% 100% 100% 100%

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