Lost on homework! Please help! I've got to pass this class. Thank you!

w 1. Prepare a depreciaon schedule showing the depreciaon expense. amumulated depreciation, and book value for each year under the Modified Accelerated Cost Recovery System. For tax purposes. assume that the truck has a useful life of ve years. \"he IRS schedule will spread depreciation over six years.) If required. round your answers to the nearest dollar. If an answer is zero. enter "0". A small delivery truck was purchased on January 1 at a cost of $43,150. It has an estimated useful life of four years and an estimated salvage value of$3,750 and rates shown below: MODIFIED ACCELERATED COST RECOVERY SYSTEM Accumulated Depreciation Depreciation Book value Year Cost 3-: Rate = Expense (End of Year) (End of Year) 1 Home moors. $3.000 $3,000 $32,000 2 40. 000 32.00% 12.800 20.800 19.200 3 ammo 19.20% 7.550 23.430 11,520 4 ammo 11.52% 4.503 33.053 6.912 5 40.000 11.52% 4.503 3?.696 2.304 5 40.000 5.75% 2.304 40.000 0 .' I 1.! f'..1r'.|l|- I "'"In r ' 1. Prepare a depreciation schedule showing the depreciation expense, aocumulated depreciation, and book value for each year under the Modied Acoelelated Cost Reoovery System. For tax purposes, assume 'Iat the truck has a useful life of ve years. l[The IRS schedule will spread depreciation over six years.) If required, round your answers to the nearest dollar. If an answer is zero, enter 'D". Small Delivery Truck Depreaann 5d1edule I [in Janna! 1 hommlated Depreciation End onear Book 1value 'I'ear Cost! Rate (%) = Depreciaon EJqJEIE-e Enll nf'fear DBUBBU DBUBUD DBUBBU EMBED DBUBBU