Find the depreciation for the indicated year using MACRS cost-recovery rates for the properties placed in service at midyear. Round dollar amounts to the nearest cent. Property Class: 3-year Depreciation year: 3 Cost of property: $97,700
Find the depreciation for the indicated year using MACRS cost-recovery rates for the properties placed in service at midyear. Round dollar amounts to the nearest cent. Property Class: 3-year Depreciation year: 3 Cost of property: $97,700
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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I have included the question and answer I just need to know how to get the answer. Chart attached.
Find the
Property Class: 3-year
Depreciation year: 3
Cost of property: $97,700
$14,469.37 - answer
Transcribed Image Text:MACRS Cost-Recovery Rates, Half-Year Convention, in Percents
Depreciation rate for recovery period
Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year
1 33.33% 20.00% 14.29% 10.00% 5.00%
3.750%
7.219
6.677
6.177
5.713
5.285
4.888
4.522
4.462
4.461
4.462
4.461
4.462
4.461
4.462
4.461
4.462
4.461
4.462
4.461
2.231
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16.
17
18
19
20
21
44.45
14.81
7.41
32.00 24.49
19.20 17.49
11.52
12.49
11.52
8.93
5.76 8.92
8.93
4.46
18.00
14.40
11.52
9.22
7.37
6.55
6.55
6.56
6.55
3.28
9.50
8.55
7.70
6.93
6.23
5.90
5.90
5.91
5.90
5.91
5.90
5.91
5.90
5.91
2.95
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