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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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