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Situation: You have just purchased a new shaker table for your cement manufacturing company. You bought the shaker table new for $5,000 in January 2016.
Situation: You have just purchased a new shaker table for your cement manufacturing company. You bought the shaker table new for $5,000 in January 2016. Salvage Value after two years is $3,000. Use the tables from IRS Publication 946 1. What is the asset class for this new equipment? 2. What is the MACRS recovery period (in years) using the General Depreciation System (GDS) from Table B-2? 3. What is the depreciation charge that can be claimed using the MACRS method in the year 2018 (after 2 years of ownership. t-2) using Table A-14? overy period as the depreciable life (N), what is the depreciation charge that can be claimed using the SOYD method in the year 2018 (after 2 years of ownership, t-2)? s. Which depreciation method (straight line, SOYD, double declining balance, and MACRS) gives the highest depreciation charge for 2018
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