View Policies Current Attempt in Progress Wildhorse Corporation purchased an asset at a cost of $60,000 on March 1, 2020. The asset has a useful life of 8 years and a salvag value of $4,800. For tax purposes, the MACRS class life is 5 years. Recovery Year 3-year (200% DB) 1 33.33 15-year (150% DB) 5.00 9.50 8.55 7.70 20-year (150% DB) 3.750 7.219 6.677 6.177 2 MACRS Depreciation Rates by Class of Property 5-year 7-year 10-year (200% DB) (200% DB) (200% DB) 20.00 14.29 10.00 32.00 24.29 18.00 19.20 17.49 14.40 11.52* 12.49 11.52 11.52 8.93* 9.22 5.76 8.92 7.37 8.93 6.55* 44.45 3 14.81* 7.41 4 5 6.93 5.713 6 6.23 5.90* 5.285 4.888 7 8 4.46 6.55 5.90 4.522 9 6.56 5.91 4.462* 10 6.55 4.461 5.90 5.91 11 3.28 4.462 12 5.90 4.461 13 5.91 4.462 4.461 14 5.90 5.91 15 4.462 15 5.91 2.95 16 17 18 4.462 4.461 4.462 4.461 4.462 4.461 2.231 19 20 21 *Switchover to straight-line depreciation. Compute tax depreciation for each year 2020-2025. (Round answers to O decimal places, eg. 45,892.) Tax depreciation for 2020 $ Tax depreciation for 2021 $ Tax depreciation for 2022 $ Tax depreciation for 2023 $ Tax depreciation for 2024 $ Tax depreciation for 2025 $