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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 $ ?and having a threeyear recovery period. Asset B was duplicating equipment with an installed cost of $ ?and a fiveyear recovery period. Using the MACRS depreciation percentages in Table ?prepare a depreciation schedule for each of these assets.
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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