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35. Ron opens his own business repairing Volkswagen cars. To operate this business he purchases land, constructs a building, and purchases several large pieces of machinery. Assume the land was purchased for $100,000, the building cost another $150,000 to construct, and the three pieces of machinery cost $40,000 each. For tax purposes Ron would depreciate the building over 30 years and the machinery over 7 years each. For financial reporting purposes, Ron depreciates the building over 40 years and the machinery over 10 years. Assuming all depreciation is done using a straight-line basis, how much depreciation expense would Ron record for tax purposes and financial reporting purposes after 5 years for both the building and the machinery? How much depreciation expense in total will Ron record for tax purposes and financial reporting purposes after 10 years for the machinery?
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Цр (3rteces) dfyee atong $49,000 dal defacwhm.cre夊→ þ 22.N3 ว่า 本杀15,360 → Build ラ 土5000

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