On March 20, 2015, Norton Systems acquired two new assets. Asset A was research equipment costing $17,000 and having a 30year recovery period. Asset B was duplicating equipment having an installed cost of $45,000 and a 5-year recovery period. Using the MACRS depreciation percentages (below), prepare a depreciation schedule for each of these assets.

Rounded Depreciation Percentages by Recovery Year Using MACRS for Property Classes

Recovery year

3 years

5 years

20% 32% 19% 12% 12% 5%

7 years

14%

25%

18%

12%

9%

9% 9%7% 4%6%

6% 6% 4%

1 33% 2 45% 3 15% 4 7% 5

6 7 8 9 10 11

Totals 100%

10% 18% 14% 12% 9% 8%

100%

100%

100