Depreciation In early 2019, Sosa Enterprises purchased a new machine for $10,300 to make cork stoppers for wine bottles. The machine has a 3-year recovery period and is expected to have a salvage value of $2,190. Develop a depreciation schedule for this asset using the MACRS depreciation percentages in the table Complete the depreciation schedule for the asset below: (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Year Depreciation Schedule Cost Percentage (1) (2) $10,300 Depreciation (1) x (2) $ 1 More Info - X (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Depreciation Schedule Cost Year Percentage Depreciation (1) (2) (1) X (2) 2 $10,300 % (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Year Depreciation Schedule Cost Percentage (1) (2) $10.300 | % Depreciation (1) X (2) 3 (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year* Recovery year 3 years 5 years 7 years 10 years 33% 20% 14% 10% 2 45% 32% 25% 18% 3 15% 19% 18% 14% 4 7% 12% 12% 12% 5 12% 9% 9 9% 6 5% 9% 8% 7 9% 7% 7 8 4% 6% 9 6% 10 6% 11 4% Totals 100% 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200%) depreciation using the half-year convention Depreciation Schedule Cost Percentage (1) (2) $10,300 % Year Depreciation (1) x (2) $ 4 Print Done