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roperty and was purchased for $118,551. Click the icon to view a table of MACRS rates.

roperty and was purchased for $118,551. Click the icon to view a table of MACRS rates.

Essentials Of Investments
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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Find the depreciation for the first year using MACRS cost-recovery rates for the property placed in service at midyear. The property is a 10-year property and was purchased for $118,551. Click the icon to view a table of MACRS rates. The depreciation is $ (Round to the nearest cent as needed.)
Transcribed Image Text:Find the depreciation for the first year using MACRS cost-recovery rates for the property placed in service at midyear. The property is a 10-year property and was purchased for $118,551. Click the icon to view a table of MACRS rates. The depreciation is $ (Round to the nearest cent as needed.)
11/4/22, 12:40 AM Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 ----~~ 16 17 18 19 20 21 3-Year 33.33% 44.45 14.81 7.41 Depreciation rate for recovery period 7-Year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 5-Year 20.00% 32.00 19.20 11.52 11.52 5.76 . 10-Year 10.00% 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 15-Year 5.00% 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 MACRS Table 5.91 5.90 SP 5.91 2.95 20-Year 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
Transcribed Image Text:11/4/22, 12:40 AM Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 ----~~ 16 17 18 19 20 21 3-Year 33.33% 44.45 14.81 7.41 Depreciation rate for recovery period 7-Year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 5-Year 20.00% 32.00 19.20 11.52 11.52 5.76 . 10-Year 10.00% 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 15-Year 5.00% 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 MACRS Table 5.91 5.90 SP 5.91 2.95 20-Year 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
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