A barn that cost $42,000 to construct is placed in service midyear as a 20-year property. What is the MACRS depreciation for year 3? Click the icon to view a table of MACRS rates. The year 3 depreciation is $ (Round to the nearest cent as needed.) 11/9/22, 12:38 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 5-Year 20.00% 32.00 19.20 11.52 11.52 5.76 . 17.49 12.49 8.93 8.92 8.93 4.46 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 20-Year 5.00% 3.750% 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 MACRS Table 5.91 2.95 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 33 glalarackPlayer Test ags hiuyid-96430 T 241545700 28igstid-229150 perest, 740012144717176803

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A barn that cost $42,000 to construct is placed in service midyear as a 20-year property. What is the MACRS depreciation for year 3?
Click the icon to view a table of MACRS rates.
The year 3 depreciation is $
(Round to the nearest cent as needed.)
Transcribed Image Text:A barn that cost $42,000 to construct is placed in service midyear as a 20-year property. What is the MACRS depreciation for year 3? Click the icon to view a table of MACRS rates. The year 3 depreciation is $ (Round to the nearest cent as needed.)
11/9/22, 12:38 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
5-Year
20.00%
32.00
19.20
11.52
11.52
5.76
.
17.49
12.49
8.93
8.92
8.93
4.46
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 20-Year
5.00%
3.750%
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
MACRS Table
5.91
2.95
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
33
glalarackPlayer Test ags hiuyid-96430 T 241545700 28igstid-229150 perest, 740012144717176803
Transcribed Image Text:11/9/22, 12:38 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 5-Year 20.00% 32.00 19.20 11.52 11.52 5.76 . 17.49 12.49 8.93 8.92 8.93 4.46 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 20-Year 5.00% 3.750% 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 MACRS Table 5.91 2.95 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 33 glalarackPlayer Test ags hiuyid-96430 T 241545700 28igstid-229150 perest, 740012144717176803
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