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please answer all 5 years P11-15 (book/static) Depreciation Afirm is evaluating the acquisition of an asset that costs 564 000 and requires 54,000 in installation
please answer all 5 years
P11-15 (book/static) Depreciation Afirm is evaluating the acquisition of an asset that costs 564 000 and requires 54,000 in installation costs of the firm depreciates the asset under MACRS, using a 5-year recovery period (see table ) determine the depreciation charge for each year Data Table The annual depreciation expense for year 1 will be $(Round to the nearest dollar - X ) ww Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year Recovery year 3 years 5 years 7 years 10 years 1 33% 20% 14% 10% 2 45% 32% 25% 1896 3 15% 19% 18% 14 4 7% 12% 12% 12% 5 12% 9% 99 6 5% 9% 896 7 99 7% 8 49 698 9 694 10 69 11 4% Totals 100% 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism To calculate the actual depreciation for tax purposes be sure to apply the actual unrounded percentages or directly apply double-declining balance 200%) depreciation using the half year convention Enter your answer the answer box and then click Check Ansvar 5 Dane Teman D 6 DO 8 9Step by Step Solution
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