Unformatted text preview: 3. In May 2009, your company purchased a new computer system for $32,500. Assume your tax year runs from October 1 to September 30. Under the MACRS GDS, what was your depreciation amount for the tax year that ended on September 30, 2011? What was your book value at the end of that year?...
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- Fall '08
- Depreciation, 5-year recovery period, $32,500, 5-year depreciable life, new electric saw