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Tom has bought a yellow automobile for $10K. Using MACRS GDS and DDB depreciation, construct the...

Tom has bought a yellow automobile for $10K. Using MACRS GDS and DDB depreciation, construct the annual depreciation allowance table. For automobiles: IRS asset class = 0.22, years = 3, MACRS (GDS, ADS) = 5. MACRS assumes $0 salvage value.

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Year Basis × Rate Depreciation
                      1 10000 20.00% 2,000.00
                      2 10000 32.00% 3,200.00
                      3 10000 19.20% 1,920.00
                      4 10000 11.52% 1,152.00
                      5 10000 11.52% 1,152.00
                      6 10000 5.76%      576.00

ekkarill92 answered 2 years ago
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