Exhibit 11-05 Wilson is preparing his tax returns using the MACRS convention. The following information relates to the purchase of an asset on January 1, Year 1.

MACRS Depreciation as a Percentage of the Cost of the Asset
Year of Life	3	5	7	10
1	33.33%	20.00%	14.29%	10.00%
2	44.45%	32.00%	24.29%	18.00%
3	14.81%	19.20%	17.49%	14.40%
4	7.41%	11.52%	12.49%	11.52%
5		11.52%	8.93%	9.22%
6		5.76%	8.92%	7.37%
7			8.93%	6.55%
8			4.46%	6.55%
9				6.56%
10				6.55%
11				3.28%

Cost	$ 105,000
Estimated Economic Life	7
Estimated residual value	$ 15,000
Depreciation for Financial Statements	straight-line
MACRS life	5
MACRS Method	200%-declining-balance

Refer to Exhibit 11-05, what amount of depreciation would be recorded on the income tax returns for year 5?

a.$15,000

b.$12,096

c.$0

d.$6,048