Homework Answers
MACRS rates with the half-year convention for 5-year property.
| Year | MACRS Rate |
|---|---|
| 1 | 20.00% |
| 2 | 32.00% |
| 3 | 19.20% |
| 4 | 11.52% |
| 5 | 11.52% |
| 6 | 5.76% |
Depreciation expenses for 2X13 = Cost of property X 19.2 % X 1/2
= $10000 X 19.2% X 1/2
= $960 (Option D is correct )
Under half - year convention for depreciation sehedule, Only half depreciation will charged in first year and only while remaining half will be charged in final year of depreciation schedule or in year which it sold.
Note : if you have any doubt please ask ,thanks ?
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