Use this calculator to determine the straight line, declining balance (using 200%), and MACRS depreciation schedules for the following items, using half year averaging (the half year convention).
|
Item |
Date placed in service |
Cost |
|
Office furnishings |
2/15/2002 |
$22,500 |
|
Laboratory equipment |
5/27/2001 |
$14,375 |
|
Fleet vehicles |
9/5/2000 |
$45,863 |
Make a chart comparing the depreciation amounts that these three methods yield for the years 2002 to 2007. Discuss the implications of these differences.