Depreciation On March 20, 2015, Norton Systems acquired two new assets. Asset A was research equipment coating $29,000 and having a 3-year recovery period. Asset B was duplicating equipment having an installed cost of $56,000 and a 5-year recovery period. Using the MACRS depreciation percentages prepare a depreciation schedule for each of these assets. Complete the depreciation schedule for asset A below: i Data Table Recovery Year 1 1 Depreciation $(Round to the nearest dollar.) .) Recovery Year Depreciation (Click on the icon located on the top-right comer of the data table below in order to copy its contents into a Spreadsheet.) 2 (Round to the nearest dollar.) .) Recovery Year 3 Depreciation $(Round to the nearest dollar.) .) 3 years 5 years 10 years Recovery Year Depreciation 4 $ (Round to the nearest dollar.) .) Complete the depreciation schedule for asset B below: Depreciation Recovery Year 1 Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year Recovery year 7 years 1 33% 20% 14% 10% 2 45% 32% 25% 18% 3 15% 19% 18% 14% 4 7% 12% 12% 12% 5 5 12% 9% 9% 6 5% 9% 8% 7 9% 7% 8 6% 9 6% 10 6% 11 4% Totals 100% 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200%) depreciation using the half-year convention. (Round to the nearest dollar.) Recovery Year 2 Depreciation $(Round to the nearest dollar.) Depreciation $(Round to the nearest dollar.) Recovery Year 3 Enter your answer in each of the answer boxes. ? Recovery Year Depreciation 4 $ (Round to the nearest dollar.) Recovery Year Depreciation 5 $ (Round to the nearest dollar.) Recovery Year Depreciation 6 $ (Round to the nearest dollar.) er your answer in each of the answer boxes