Your company has purchased a truck for $30,000. The IRS considers this to be a 5-year property and you will accordingly depreciate it using the double declining balance method with half-year convention. Calculate each year's depreciation charge and remaining book value, assuming a zero salvage value. (12 points)

Three years ago, stock tek purchased some five-year macrs property for $82,600. today, it is selling this property for $31,500. how much tax will the company owe on this sale if the tax rate is 34 percent? the macrs allowance percentages are as follows, commencing with year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.