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please answer for year 1,2,3 and 4 Depreciation In early 2015, Sosa Enterprises purchased a new machine for $10,700 to make cork stoppers for wine
please answer for year 1,2,3 and 4 Depreciation In early 2015, Sosa Enterprises purchased a new machine for $10,700 to make cork stoppers for wine bottles. The machine has a 3-year recovery period and is expected to have a salvage value of $2,140. Develop a depreciation schedule for this asset using the MACRS depreciation percentages in the table i Complete the depreciation schedule for the asset below: (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Year Depreciation Schedule Cost Percentage (1) (2) $10,700 Depreciation (1) (2) 10 years 3 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 1 33% 20% 14% 10% 2 45% 32% 25% 18% 15% 19% 18% 14% 4 7% 12% 12% 12% 12% 9% 9% 6 5% 9% 8% 7 9% 7% 8 4% 6% 9 6% 10 6% 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
please answer for year 1,2,3 and 4
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