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(10 points) In 2015, a company places a manufacturing machine in service. The machine cost $20,000 from the supplier and took
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It is a manufacturing machine, so it has 7 year class property as per MACRS GDS depreciation.

Depreciation schedule is as follows:

Original book value in 2015 = 20000 + 2000 = $22000

Year Book Value ($) Depreciation %              (on original book value) Depreciation amount ($)
2015 22000 14.29% 3143.8
2016 18856.2 24.49% 5387.8
2017 13468.4 17.49% 3847.8
2018 9620.6 12.49% 2747.8
2019 6872.8 8.93% 1964.6
2020 4908.2 8.92% 1962.4
2021 2945.8 8.93% 1964.6
2022 981.2 4.46% 981.2
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