in 2020, Rockford Corporation purchases two anses and places them to service (both have a MACRS recovery period) Click the icon to view the assets) Rockford elects $1.04 million under Sec. 179 and elects out of bonus deprecation Read the requirements Chicken MAR sonra) Chow the corren Service in the fourth an Click the icon to view the MACRSyaration) Requirement a Compute Rockford's total depreciation deduction for 2020 wit elect the $1.06 million for Autor amous in wieder U MACRS toes to the ex Round the MACRS depreciation to the nearest dolar. Complete all puttede Enero Soc. 170 seduction) Total for both Assert Asset 2 Ass Sec. 179 expensing MACRS depreciation Total 2020 depreciation Requirement b. Compute Rockford's total depreciation deduction for 2020 fit elects the $10 milion for Asset 12 (Enter amounts who does MACRO XXX Round the MACRS depreciation to the nearest dollar Complete all input fields. Entra " if no Se 179 eduction is taken Total for both Asse 1 Asset 2 Assets Sec. 179 expensing MACRS depreciation Total 2020 depreciation emaining: 120:18 Nex More info Jars. Use Asset #1: $1,140,000 cost; placed in service in February. Asset #2: $1,380,000 cost; placed in service in November. . Print Done ars. Us Asers View the assets. million under Sec. ite Rockford's tot reciation to the ne Asset #1 General Depreciation System-MACRS Personal Property Placed in Service After 12/31/86 Applicable Convention: Mid-Quarter (Property Placed in Service in First Quarter) Applicable Depreciation Method: 200 or 150 Percent Declining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 58.33 35.00 25.00 17.50 8.75 6.563 Year 2 27.78 26.00 21.43 16.50 9.13 7.000 Year 3 12.35 15.60 15.31 13.20 8.21 6.482 Year 4 1.54 11.01 10.93 10.56 7.39 5.996 Year 5 11.01 8.75 8.45 6.65 5.546 Year 6 1.38 8.74 6.76 5.99 5.130 Year 7 8.75 6.55 5.90 4.746 Year 8 1.09 6.55 5.91 4.459 Year 9 6.56 5.90 4.459 Year 10 6.55 5.91 4.459 Year 11 0.82 5.90 4.459 Vaar 42 501 1.16 Rockford's tot ation to the ne Asset #1 Reference Purchase venti ssets.) htion der Sec fate ford's tot to the nl Asset #1 General Depreciation System-MACRS Personal Property Placed in Service After 12/31/86 Applicable Convention: Mid-Quarter (Property Placed in Service in Fourth Quarter) Applicable Depreciation Method: 200 or 150 Percent Declining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 8.33 5.00 3.57 2.50 1.25 0.938 Year 2 61.11 38.00 27.55 19.50 9.88 7.430 Year 3 20.37 22.80 19.68 15.60 8.89 6.872 Year 4 10.19 13.68 14.06 12.48 8.00 6.357 Year 5 10.94 10.04 9.98 7.20 5.880 Year 6 9.58 8.73 7.99 6.48 5.439 Year 7 8.73 6.55 5.90 5.031 Year 8 7.64 6.55 5.90 4.654 Year 9 6.56 5.90 4.458 Year 10 6.55 5.91 4.458 Year 11 5.74 5.90 4.458 Yasr 12 5.01 AARR a kford's tot h to the nl Asset #1 ses ec tou nd #1 General Depreciation System-MACRS Personal Property Placed in Service After 12/31/86 Applicable Convention: Half-Year Applicable Depreciation Method: 200 or 150 Percent Declining Balance Switching to Straight Line Recovery period and Depreciation Rates Recovery Year 5-Year 3-Year 7-Year 20-Year 10-Year 15-Year Year 1 33.33 20.00 14.29 10.00 5.00 3.750 Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 14.40 8.55 6.677 Year 4 7.41 11.52 12.49 11.52 7.70 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 8.92 7.37 6.23 5.285 Year 7 8.93 6.55 5.90 4.888 Year 8 4.46 6.55 5.90 4.522 Year 9 6.56 5.91 4.462 Year 10 6.55 5.90 4.461 Year 11 3.28 5.91 4.462 Vaar 12 5 an 4 461 tot end #1 Print Done
