Swiss Waste (SW) Company prepares a draft of its I/S for 2007 at the end of its fiscal year. The depreciation expense is calculated from a plant used in treating sewage . So, SW company does not have any depreciable assets other than the plant. The plant was purchased at the beginning of the fiscal year, 2007. The cost of the plant was $200,000.

Swiss Waste (SW) Company prepares a draft of its I/S for 2007 at the end of its   fiscal year.             

The depreciation expense is calculated from a plant used in treating sewage . So, SW company does not have any depreciable assets other than the plant. The plant was purchased at the beginning of the fiscal year, 2007. The cost of the plant was $200,000. Also, an operation manager estimates its useful life as 10 years.  The plant falls in 20-year 150% class in MACRS for the tax purpose (Assume that this property class requires half-year convention). If necessary, refer the corporate income tax schedule to the following corporate tax schedule:  

Also, refer to the following tables for the MACRS method.

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