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Posted: **Thu May 05, 2022 8:54 am**

: Euclid Acquires A 7 Year Class Asset On May 9 2021 For 289 300 The Only Asset Acquired During The Year Euclid Does 1 (17.18 KiB) Viewed 38 times

: Euclid Acquires A 7 Year Class Asset On May 9 2021 For 289 300 The Only Asset Acquired During The Year Euclid Does 2 (40.85 KiB) Viewed 38 times

Euclid acquires a 7-year class asset on May 9, 2021, for $289,300 (the only asset acquired during the year). Euclid does not elect immediate expensing under § 179. He does not claim any available additional first-year depreciation. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. Calculate Euclid's cost recovery deduction for 2021 and 2022. 2021: $ 2022: $
8.3 MACRS Accelerated Depreciation for Personal Property Assuming Half-Year Convention (Percentage Rates) For Property Placed in Service after December 31, 1986 3-Year 5-Year 7-Year Recovery Year (200% DB) (200% DB) (200 % DB) 10-Year (200 % DB) 15-Year (150% DB) 20-Year (150% DB) 1 33.33 20.00 14.29 10.00 5.00 3.750 44.45 32.00 24.49 18.00 9.50 7.219 14.81* 19.20 17.49 14.40 8.55 6.677 7.41 11.52" 12.49 11.52 7.70 6.177 11.52 9.22 6.93 5.713 5.76 7.37 6.23 5.285 6.55* 5.90* 4.888 6.55 5.90 4.522 6.56 5.91 4.462" 6.55 5.90 4.461 3.28 5.91 4.462 5.90 4.461 5.91 4.462 5.90 4.461 LARS 2 3 5 6 7 8 9 10 11 12 13 14 8.93* 8.92 8.93 4.46