A company is buying machinery for their manufacturing floor that is worth $455,000. The machinery has...
A company is buying machinery for their manufacturing floor that is worth $455,000. The machinery has a service life of 7 years. Develop a depreciation table for this asset according to MACRS.
Please show all work including formulas used. Thanks!
Homework Answers
We can get the MACRS rate from the table and then multiply the rate with the amount.
For example in first year depreciation will be equal to
455,000 × 0.1429 = $ 65,019.50
Like wise we can calculate for all the years.
BV at the end of year
First year, 455,000 - 65,019.50 = $ 389,980.50
Second year, $ 389,980.50 - 111,429.50 = $ 278,551
Third year, $ 278,551 - 79,579.50 = 198,971.50
Likewise we can calculate the EOY for all the years.
Please contact if having any query will be obliged to you for your generous support. Your help mean a lot to me, please help. Thank you.
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A company is buying machinery for their manufacturing floor that
is worth $455,000. The machinery has...
A company is buying machinery for their manufacturing floor that is worth $455,000. The machinery has...
A company is buying machinery for their manufacturing floor that is worth $455,000. The machinery has a service life of 7 years. Develop a depreciation table for this asset according to MACRS.
5. A company is buying machinery for their manufacturing floor that is worth $455,000. The machinery...
5. A company is buying machinery for their manufacturing floor that is worth $455,000. The machinery has a service life of 7 years. Develop a depreciation table for this asset according to MACRS.
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company is considering buying a new piece of machinery that costs $30,000 and has a value of $8,000 at the...
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please do #2 and #6 Te=15%
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January 1, 2017, for $97,600. The machinery is estimated to have a
salvage value of $9,760 after a useful life of 8 years. Compute
2017 depreciation expense using the double-declining-balance
method. Depreciation expense $ LINK TO TEXT Compute 2017
depreciation expense using the double-declining-balance method,
assuming the machinery was purchased on October 1, 2017. (Round
answer to 0 decimal places, e.g. 5,125.) Depreciation expense $
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purchased machinery on January 1, 2017, for $90,400. The machinery
is estimated to have a salvage value of $9,040 after a useful life
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sum-of-the-years'-digits method. Depreciation expense $ LINK TO
TEXT Compute 2017 depreciation expense using the
sum-of-the-years'-digits method, assuming the machinery was
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