Question: Using each of the following methods: (a) (b) 200%
Using each of the following methods (a) 200% DB. (b) GDS (MACKS). And (c) ADS MACRS). What is the depreciation deduction? For the second year for a resource the costs $36,000 and has a predicted market value of $5,000 at the end of its seven year useful life? Assume its MACRS class life is also seven years.
- Using the 200% DB method the depreciation deduction for the second year is $. (Round to the nearest dollar.)
- Using the GDS (MACRS) method the depreciation deduction for the second year is $. (Round to the nearest dollar.)
- Using the ADS (MACRS) method the depreciation deduction for the second year is $. (Round to the nearest dollar.)
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