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andreyandreev [35.5K]
4 years ago
5

A digitally controlled plane for manufacturing furniture (MACRS-GDS 7-year property) is purchased on April 1 by a calendar-year

taxpayer for $66,000. It is expected to last 12 years and have a salvage value of $5,000. Calculate the depreciation deduction during years 1, 4, and 8 using MACRS-GDS allowances.

Business
1 answer:
Dennis_Churaev [7]4 years ago
4 0

Answer:

First year Depreciation  = $7073.55

4th year Depreciation for = $8243.4

8th year Depreciation for r = $ 2943.6

Explanation:

Please see attachment

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