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Please help that answer was wrong cannot figure it out for anything!! pay attention to the question carefully Depreciation expense. Richardses' Tree Farm, Inc. has

image text in transcribedPlease help that answer was wrong cannot figure it out for anything!! pay attention to the question carefully

Depreciation expense. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $90,000. Calculate the depreciation schedule using a seven-year life (for the property class category of a single-purpose agricultural and horticultural structure from Table 10.3) for both straight-line depreciation and MACRS, E: Use the half-year convention for both methods. Compare the depreciation schedules before and after taxes using a 40% tax rate. What do you notice about the difference between these two methods? " Using a seven-year life, straight-line depreciation, and the half-year convention for the first and last years, what is the annual depreciation of the trimmer? $ 12861 (Round to the nearest dollar.) Data table MACRS Fixed Annual Expense Percentages by Recovery Class Click on this icon to download the data from this table Year 3-Year 33.33% 44.45% 14.81% 7.41% 5-Year 20.00% 32.00% 1 2 3 4 19.20% 11.52% 11.52% 5.76% 7-Year 14.29% 24.49% 17.49% 12.49% 8.93% 8.93% 8.93% 4.45% 5 10-Year 10.00% 18.00% 14.40% 11.52% 9.22% 7.37% 6.55% 6.55% 6.55% 6.55% 3.28% 6 7 8 ||||| 9 Help me solve this View an example Get more help 10 Check answer 11

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