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Prepare a depreciation schedule to be used for tax purposes for a $40,000 of computer equipment using the 150% declining-balance method and a half-year convention

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Prepare a depreciation schedule to be used for tax purposes for a $40,000 of computer equipment using the 150% declining-balance method and a half-year convention (the depreciation table below). [15 points] 4. Depreciation Rates for 150% Declining Balance Using the Half- Year Convention 5 years (%) 15.00 25.50 17.85 16.66 16.66 8.33 NA NA NA NA NA 7 years (%) 10.71 19.13 15.03 12.25 12.25 12.25 12.25 6.13 NA NA NA NA NA NA NA NA 10 years (%) 7.50 13.88 11.79 10.02 8.74 8.74 8.74 8.74 8.74 8.74 4.37 NA NA NA NA NA Year 15 years (%) 5.00 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 NA NA NA NA 14 16

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