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In early 2019 , Sosa Enterprises purchased a new machine for $ 12 comma 500 to...

In early 2019 , Sosa Enterprises purchased a new machine for $ 12 comma 500 to make cork stoppers for wine bottles. The machine has a 3-year recovery period and is expected to have a salvage value of $ 2 comma 030. Develop a depreciation schedule for this asset using the MACRS depreciation percentages in the table.... Complete the depreciation schedule for the asset below: (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Depreciation Schedule Year Cost (1) Percentage (2) Depreciation Bold left parenthesis 1 right parenthesis times left parenthesis 2 right parenthesis 1 $ 12 comma 500 () % $ () (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Depreciation Schedule Year Cost (1) Percentage (2) Depreciation Bold left parenthesis 1 right parenthesis times left parenthesis 2 right parenthesis 2 $ 12 comma 500 () %

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Answer #1

The table will be as under

Year Depreciation % Depreciation
1 33.33% 4166.25
2 44.45% 5556.25
3 14.81% 1851.25
4 7.41% 926.25

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