Adigitally controlled plane for manufacturing furniture (macrs-gds 7-year property) is purchased on april 1 by a calendar-year taxpayer for $66,000. it is expected to last 12 years and have a salvage value of $5,000. calculate the depreciation deduction during years 1, 4, and 8 using macrs-gds allowances.

First year Depreciation  = $7073.55

4th year Depreciation for = $8243.4

8th year Depreciation for r = $ 2943.6

Explanation:

Please see attachment

answer; i do believe that the correct answer is ; ///are valued more highly than their cost;

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation: