In May 2018, Cassie acquired a machine for $30,000 to use in her business. The machine is classified as 5- year property. Cassie does not expense the property under Sec. 179 or bonus depreciation. Cassie's depreciation on the machine for 2018 is

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Cassie uses the MACRS 200% declining balance method for 5-year property. For the first year, the depreciation rate is 20%. Therefore, $30,000 x 20% = $6,000.

In May 2018, Cassie Acquired a Machine for $30,000 to Use