Hi Expert,

Can you answer this question and show all work including the formula that used to determine the percentage please in (excel)

MACRS-ADS depreciation is only considered in Section 9.6.1, and no tables are provided in this text. Suppose you have an injection molding machine for plastic products costing $220,000, and for whatever reason, you decide to depreciate it using MACRS-ADS. It is considered to be in a 7-year property class and yet is depreciated over 11 years if MACRS-ADS is elected. Determine the depreciation percentages to two places after the decimal (e.g., 9.62 percent) and the depreciation allowance for each year. Hint: Dont forget the half-year convention!"