Brief Exercise 11-11 Vaughn Corporation purchased an asset at a cost of $45,000 on March...
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Brief Exercise 11-11 Vaughn Corporation purchased an asset at a cost of $45,000 on March 1, 2017. The asset has a useful life of 8 years and a salvage value of $3,770. For tax purposes, the MACRS class life is 5 years. MACRS Depreciation Rates by Class of Property 7-year Recovery 3-year 5-year 10-year 15-year 20-year 3.750 7.219 6.677 Year (200% DB)__(200% DB)(200D)(200% DB)(1509% DB)(150% DB) 33.33 44.45 14.81* 7.41 5.00 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 5.91 2.95 20.00 32.00 19.20 11.52* 11.52 5.76 14.29 24.29 17.49 12.49 10.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 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 8.93* 8.92 8.93 4.46 10 12 13 15 16 17 18 19 21 Switchover to straight-line depreciation. Compute tax depreciation for each year 2017-2022. (Round answers to 0 decimal places, e.g. 45,892.) Tax depreciation for 2017 s Tax depreciation for 2018 s Tax depreciation for 2019 s Tax depreciation for 2020 Tax depreciation for 2021 s Tax depreciation for 2022 s
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