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 $45,000 and a 5-year recovery period. Using the MACRS depreciation percentages , prepare a depreciation schedule for each of these assets. Complete the depreciation schedule for asset A below: Recovery Year Depreciation 1 (Round to the nearest dollar.) Recovery Year Depreciation (Round to the nearest dollar.) Recovery Year Depreciation (Round to the nearest dollar.) Data Table Recovery Year Depreciation 4 2$ (Round to the nearest dollar.) Complete the depreciation schedule for asset B below: (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Recovery Year Depreciation 1 $ (Round to the nearest dollar.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year* 7 years Recovery Year Depreciation 2 2$ (Round to the nearest dollar.) Recovery year 3 years 5 years 10 years 1 33% 149 10% Recovery Year Depreciation 45% 32% 25% 18% (Round to the nearest dollar.) 15% 19% 18% 14% 4 7% 12% 12% 12% Recovery Year Depreciation 12% 9% 9% 5% 9% 8% 4 (Round to the nearest dollar.) 7 9% 7% Recovery Year Depreciation 8. 4% 6% 9. 6% (Round to the nearest dollar.) 10 6% 11 4% Recovery Year Depreciation Totals 100% 100% 100% 100% (Round to the nearest dollar.) *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. Print Done