Problem 7-9 (Algorithmic)

EQuestion Help Problem 7-9 (algorithmic) What is the depreciation deduction, using each of the following methods, for the second year for an asset that costs $35,000 and has an estimated MV of $6,000 at the end of its six-year useful life? Assume its MACRS class life is also six years. (a) 200% DB, (b) GDS (MACRS), and (c) ADS (MACRS). E Click the icon to view the summary of the principal features of GDS under MACRS E Click the icon to view the GDs Recovery Rates (rk). a. Using the 200% DB method the depreciation deduction for the second year is (Round to the nearest dollar