The initial investment on an electronic assembly robot was 524,511. Determine th

Question

The initial investment on an electronic assembly robot was 524,511. Determine the depreciation for the third year, if the allowed lifetime of the property is 5 years. Use MACRS GDS I need help with following problem. I have an idea how to solve but how do I use the MACR GDS charts. I would greatly appreciate the help. The initial investment on an electronic assembly robot was 524,511. Determine the depreciation for the third year, if the allowed lifetime of the property is 5 years. Use MACRS GDS I need help with following problem. I have an idea how to solve but how do I use the MACR GDS charts. I would greatly appreciate the help. I need help with following problem. I have an idea how to solve but how do I use the MACR GDS charts. I would greatly appreciate the help.

Explanation / Answer

The depreciation rate for year 3 for 5 years class = 19.2%

so depreciaiton = 524511*0.192 = 100706.112

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