Victoria Company purchased a $100,000 conveyor belt for use in
its main factory. It has a 4 year useful life and a $0 salvage
value. For the following 4 years Victoria recorded sales revenue of
$300,000 each year and $200,000 in expenses, NOT INCLUDING
DEPRECIATION nor INCOME TAX EXPENSE. Victoria uses straight-line
depreciation method for financial accounting (“book”) purposes and
MACRS for tax accounting purposes. Under MACRS, Victoria can apply
accelerated depreciation for the asset using the following
percentages:
YEAR...