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please help woth all parts! label all answers clearly please Part 3 of 11 Points: 0.18 of 1 Save Depreciation expense. Richardses' Tree Farm, Inc.
please help woth all parts! label all answers clearly please
Part 3 of 11 Points: 0.18 of 1 Save Depreciation expense. Richardses' Tree Farm, Inc. has just purchased a new aerial tree trimmer for $87,000. 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, . 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? $ 12,428.57 (Round to the nearest dollar.) Using a seven-year life, straight-line depreciation, and the half-year convention for the first and last years, what is the depreciation for the first and last years? $ 6,214.29 (Round to the nearest dollar.) Using a seven-year life and MACRS depreciation. 3. what is the annual depreciation of the trimmer for year 1? (Round to the nearest dollar) MACRS Fixed Annual Expense Percentages by Recovery Class Click on this icon to download the data from this table Year 1 2 3 4 5 6 7 8 3-Year 33.33% 44.45% 14.81% 7.41% N| 5-Year 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 00 ORA 7-Year 14.29% 24.49% 17.49% 12.49% 8.93% 8.93% 8.93% 4.45% 10-Year 10.00% 18.00% 14.40% 11.52% 9.22% 7.37% 6.55% 6.55% 6.55% 6.55% 3.28% 9 10 11 Step by Step Solution
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