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Sunland Corporation purchased an asset at a cost of $58,750 on March 1, 2020. The asset has a useful life of years and a salvage
Sunland Corporation purchased an asset at a cost of $58,750 on March 1, 2020. The asset has a useful life of years and a salvage value of $4.300.For tax purposes, the MACRS class life is 5 years. Recovery Year 1 2 3 200% DE 33.33 44.45 14.91 7.41 MACRS Depreciation Rates by Class of Property 5 year 10 year 200% DE (20056 DE (200% DE) 20.00 14.29 10.00 32.00 24.29 18.00 19.20 17.49 14.40 1152 12.49 11.52 1152 8.93 5.76 8.92 7.37 8.98 6.55 4.46 6.55 6.56 6.55 3.28 15-year (150% DE 5.00 9.50 8.55 7.70 6.93 20-year (150% DE 3.750 7.219 6.677 6.177 5.713 5.295 4.898 4522 9 10 4.461 11 5.90" 5.90 5.91 5.90 5.91 5.90 5.91 5.99 5.91 2.95 12 13 14 15 16 17 18 19 20 21 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 Switchover to straight-line depreciation. Compute tax depreciation for each year 2020-2025. (Round answers to decimal places, eg. 45.892.) Tax depreciation for 2020 S Tax depreciation for 2021 S Tax depreciation for 2022 S Tax depreciation for 2023 S Tax depreciation for 2024 S Tax depreciation for 2025 S
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