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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%

Group of answer choices

MACRS depreciation in 4th year is $15,628 and book value of asset in 4th year using SL method is $63,776.

MACRS depreciation in 3rd year is $30,608 and book value of asset in 3rd year using DDB depreciation is $63,776.

SOYD depreciation in 6th year is $35,179 and book value of asset in 4th year using MACRS is $21,858

DDB depreciation in 5th year is $32,539 and SOYD book value in 5th year is $61,071

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