Exhibit 11-05 Wilson is preparing his tax returns using the MACRS convention. The following information relates to the purchase of an asset on January 1, 2013. 
-Refer to Exhibit 11-05, what amount of depreciation would have been recorded in Wilson's books for year 3?
Definitions:
Unintended Consequences
The unexpected and unplanned results of a decision or action that may not align with the original goals.
Government Programs
are initiatives sponsored by the government aimed at achieving specific social, economic, or political objectives.
Ceteris Paribus
A phrase in Latin that translates to "everything else being constant," utilized in the field of economics to single out the impact of a specific variable while keeping the remainder of relevant elements unchanged.
Economic Analysis
The systematic study and examination of economic data or policies to understand or evaluate their impact on the economy.
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