Find the Annual Recovery for Year 1

question 3

Short Answer

Find the Annual Recovery for Year 1.
$$\begin{array} { | l | l | l | l | l | } \hline \text { Method } & \text { Purchased } & \text { Cost } & \text { Recovery Class } & \text { Annual Recovery for Year 1 } \\\hline \text { MACRS } & \text { July } 8 & \$ 6,000 & 5 & \text { A }\\\hline\end{array}$$