Your company has purchased a large new trucktractor for over-the-road use (asset class 00.26). It has a cost basis of $184.000 With additional options costing $16,000, the cost basis for depreciation purposes is $200,000. Its MV at the end of five years is estimated as $38.000. Assume it will be depreciated under the GDS: a. What is the cumulative depreciation through the end of year four? b. What is the MACRS depreciation in the second year? c. What is the BV at the end of year one? Click the icon to view the partial listing of depreciable assets used in business Click the icon to view the GDS Recovery Rates (k). a. The cumulative depreciation through the end of year four is $ (Round to the nearest dollar.) b. The MACRS depreciation in the second year is $ (Round to the nearest dollar) Qu More Info Your com $16,000, MACRS Class Lives and Recovery Periods GDS: Asset Class Descriptions of Assets a. What is 00.11 b. What is Office furniture and equipment c. What is 00.12 Information systems, including computers 00.22 Automobiles, taxis Click 00.23 Buses Click 00.241 Light general purpose trucks 00.242 Heavy general purpose trucks 00.26 011 Tractor units for use over the road Anriculture a. The cu b. The MA Done Print - X quiz Recovery Periods Class Life GDS 10 7 ADS 10 5 costing er the 55555 6 4 3 5. 5956C 10. 4 10. h More Info GDS Recovery Rates (r,) for the Six Personal Property Classes Recovery Period (and Property Class) c eB eic 7880 Year 3-year 5-year 7-year 10-year 15-year 20-year M 1 0.3333 0.2000 0.1429 0.1000 0.0500 0.0375 2 0.4445 0.3200 0.2449 0.1800 0.0950 0.0722 3 0.1481- 0.1920 0.1749 0.1440 0.0855 0.0668 e ic 4 0.0741 0.1152 0.1249 0.1152 0.0770 0.0618 5 0.1152 0.0893 0.0922 0.0693 0.0571 6 0.0576 0.0892 0.0737 0.0623 00528 7 0.0893 0.0655 0.0590 0.0489 ulati CRS Print Done - X omit quiz tions costing d under the Next