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Which of the following is true for data shown below? For MACRS depreciation, use percentages as shown. Cost basis $175,000 Life 7 Salvage $30,000 MACRS/y

Which of the following is true for data shown below? For MACRS depreciation, use percentages as shown.

Cost basis	$175,000
Life	7
Salvage	$30,000
MACRS/y	1	2	3	4	5	6	7	8
Rate	14.29%	24.49%	17.49%	12.49%	8.93%	8.92%	8.93%	4.46%

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