the MACRS valuse are on the table

Question 1 (15 points): Suds-n-Dogs just purchased new food handling equipment for $12,000. The salvage value of the equipment is anticipated to be $1,200 at the end of its 3-year life. Use MACRS to determine the depreciation schedule and the book value for each year If the equipment is sold for $1,200 at the end of 3 years, did the company experience capital gains, loss, or depreciation reeapture? If so, how much? - I nese percentages nave been rounded to the nearest wnone perectit to smpery cakcurations wnue retain: ing realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance depreciation using the half-year convention