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Depreciation On March 20, 2019, Norton Systems acquired two new assets. Asset A was research equipment costing $17,000 and having a 3-year recovery period. Asset

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Depreciation On March 20, 2019, Norton Systems acquired two new assets. Asset A was research equipment costing $17,000 and having a 3-year recovery period. Asset B was duplicating equipment having an installed cost of $45,000 and a 5-year recovery period. Using the MACRS depreciation percentages prepare a depreciation schedule for each of these assets. OLED Complete the depreciation schedule for asset A below: Recovery Year Depreciation (Round to the nearest dollar) 158 Question 1 P4.1 HW Seora: 0 - - X Data table ba ERS 10 years 2 4 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery yeart Recovery year 3 years 5 years 7 years 33% 20% 14% 10% 45% 32% 25% 18% 3 15% 19% 18% 14% 7% 12% 12% 12% 5 12% 9% 9% 5% 9% 8% 7 9% 7% 4% 6% 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 6 8 9 Print Done iew an example CICAT pagos TIITOTTCTOT COTCUTATUT TUOT am Unser 14 MacBook Air

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