Exhibit 8.3 MACRS Accelerated Depreciation for Personal Property Assuming Half- Year Convention (Percentage Rates) For Property Placed in Service after December 31, 1986 Recovery 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year (200% DB) (200% DB) (200% DB) (200% DB) (150% DB) (150% DB) 1 33.33 20.00 14.29 10.00 5.00 3.750 7.219 2 44.45 32.00 24.49 18.00 9.50 19.20 17.49 14.40 8.55 6.677 14.81 7.41 7.70 4 12.49 11.52 6.177 11.52 5 11.52 9.22 6.93 5.713 8.93 8.92 5.76 7.37 6.23 5.285 4.888 7 8.93 6.55 5.90 4.46 6.55 5.90 4.522 4.462 6.56 5.91 Euclid acquires a 7-year class asset on May 9, 2019, for $251,700 (the only asset acquired during the year). Euclid does not elect immediate expensing under 179. He does not claim any available additional first-year depreciation Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. Calculate Euclid's cost recovery deduction for 2019 and 2020. 2019: $ 2020: $ Hamlet acquires a 7-year class asset on November 23, 2019, for $357,000 (the only asset acquired during the year). Hamlet does not elect immediate expensing under 179. He does not claim any available additional first year depreciation. This is Hamlet's only tangible personal property acquisition for the year. Click here to access the depreciation table to use for this problem If required, round your answers to the nearest dollar. Calculate Hamlet's cost recovery deduction for 2019 and 2020. 2019: $ 2020: $ Exhibit 8.3 MACRS Accelerated Depreciation for Personal Property Assuming Half- Year Convention (Percentage Rates) For Property Placed in Service after December 31, 1986 Recovery 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year (200% DB) (200% DB) (200% DB) (200% DB) (150% DB) (150% DB) 1 33.33 20.00 14.29 10.00 5.00 3.750 7.219 2 44.45 32.00 24.49 18.00 9.50 19.20 17.49 14.40 8.55 6.677 14.81 7.41 7.70 4 12.49 11.52 6.177 11.52 5 11.52 9.22 6.93 5.713 8.93 8.92 5.76 7.37 6.23 5.285 4.888 7 8.93 6.55 5.90 4.46 6.55 5.90 4.522 4.462 6.56 5.91 Euclid acquires a 7-year class asset on May 9, 2019, for $251,700 (the only asset acquired during the year). Euclid does not elect immediate expensing under 179. He does not claim any available additional first-year depreciation Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. Calculate Euclid's cost recovery deduction for 2019 and 2020. 2019: $ 2020: $ Hamlet acquires a 7-year class asset on November 23, 2019, for $357,000 (the only asset acquired during the year). Hamlet does not elect immediate expensing under 179. He does not claim any available additional first year depreciation. This is Hamlet's only tangible personal property acquisition for the year. Click here to access the depreciation table to use for this problem If required, round your answers to the nearest dollar. Calculate Hamlet's cost recovery deduction for 2019 and 2020. 2019: $ 2020: $
