A firm purchased an $84,000 asset with an estimated useful lifespan of 9 years. How much would depreciation be each year using the half-year convention?
Use the rates described in the lecture. Use the 5-year MACRS schedule.
|
Depreciation year
|
3-year MACRS |
5-year MACRS |
7-year MACRS |
| 1 |
0.333
|
0.200
|
0.143
|
| 2 |
0.445
|
0.320
|
0.245
|
| 3 |
0.148
|
0.192
|
0.175
|
| 4 |
0.074
|
0.115
|
0.125
|
| 5 |
|
0.115
|
0.089
|
| 6 |
|
o.o58
|
0.089
|
| 7 |
|
|
0.089
|
| 8 |
|
|
0.045
|
| 9 |
|
|
|