2.
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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