A barn that cost $42,000 to construct is placed in service midyear as a 20-year property. What is the MACRS depreciation for year 3? Click the icon to view a table of MACRS rates. The year 3 depreciation is $ (Round to the nearest cent as needed.) 11/9/22, 12:38 AM Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 3-Year 33.33% 44.45 14.81 7.41 Depreciation rate for recovery period 7-Year 14.29% 24.49 5-Year 20.00% 32.00 19.20 11.52 11.52 5.76 . 17.49 12.49 8.93 8.92 8.93 4.46 10-Year 10.00% 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 15-Year 20-Year 5.00% 3.750% 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91. 5.90 MACRS Table 5.91 2.95 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 33 glalarackPlayer Test ags hiuyid-96430 T 241545700 28igstid-229150 perest, 740012144717176803

A barn that cost $42,000 to construct is placed in service midyear as a 20-year property. What is the MACRS depreciation for year 3? Click the icon to view a table of MACRS rates. The year 3 depreciation is $ (Round to the nearest cent as needed.) 11/9/22, 12:38 AM Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 3-Year 33.33% 44.45 14.81 7.41 Depreciation rate for recovery period 7-Year 14.29% 24.49 5-Year 20.00% 32.00 19.20 11.52 11.52 5.76 . 17.49 12.49 8.93 8.92 8.93 4.46 10-Year 10.00% 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 15-Year 20-Year 5.00% 3.750% 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91. 5.90 MACRS Table 5.91 2.95 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 33 glalarackPlayer Test ags hiuyid-96430 T 241545700 28igstid-229150 perest, 740012144717176803

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 7BCRQ

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A barn that cost $46,000 to construct is placed in service midyear as a 20-year property. What is the MACRS depreciation for year 16? Click the icon to view a table of MACRS rates. The year 16 depreciation is $ (Round to the nearest cent as needed.)
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