Question

Perhaps you’ve heard of the Wilmington & Western Railroad (W&WR)– a short line railroad in New Castle County operating on their own track. Railroad track is expensive and can be a problem especially when heavy rains wash out some of the track, as happened several years ago.

OK let’s say in 2015 the W&WR needed to replace two miles of track – the track costs $80,000. Using MACRS depreciation - 7 year schedule - , what would be their depreciation for the following years:

2014, 2016, 2018, 2020, 2022? Note please give me ONLY those years.

Answer 1

Working: -

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