Question: 1. Find the depreciation for the 14th year of a property that cost $83,500 and is placed in service as a 15-year property under the MACRS method of depreciation.
2. Complete a depreciation schedule for the vineyard in Exercise.
Exercise: Find the depreciation for the ninth year for a vineyard that was purchased for $58,000 and placed in service under the MACRS method of depreciation as a 10-year property.