materials of construction to 9. The initial book value of an asset of 300 M will be written off by depreciations. The asset has a life of 15 years. Schedule the depreciation payments based on the Straight Line Method, Double Declining Method and MACRS. Note, MACRS has an 8-year recovery period, half-year convention in the first and final year of the recovery period and follows the double declining for higher initial depreciation charges