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# An asset costs \$190,000 and is classified as a ten-year asset. What is the annual depreciation expense for the first three years under the straight-line and the modified accelerated cost recovery

An asset costs \$190,000 and is classified as a ten-year asset. What is the annual depreciation expense for the first three years under the straight-line and the modified accelerated cost recovery systems of depreciation? Be sure to apply the half-year convention to straight line depreciation. Use Exhibit. 9.4 to answer the question. Round your answers to the nearest dollar. Straight line depreciation: Year Deprecation expense 1 2 3 \$ Accelerated cost recovery system of depreciation: Depreciation expense 5 \$ Year 1 2 3 \$

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