A machine with a 10-year life is depreciated using MACRS-GDS…
A machine with a 10-year life is depreciated using MACRS-GDS. The machine has a first cost of $50,000. The depreciation rate for years 1, 2 and 3 are 10.00%, 18.00% and 14.40%, respectively. The depreciation charge in year 3 is: