Homework Answers
| Year | MACRS | Depreciation | Cumulative depreciation | Book value |
| 1 | 20 | 75600 | 75600 | 302400 |
| 2 | 32 | 120960 | 196560 | 181440 |
| 3 | 19.2 | 72576 | 269136 | 108864 |
| 4 | 11.52 | 43545.6 | 312681.6 | 65318.4 |
| 5 | 11.52 | 43545.6 | 356227.2 | 21772.8 |
| 6 | 5.76 | 21772.8 | 378000 | 0 |
Book value at year 3 = 108864
Book value at year 5 = 21772.8
Book value at year 6 = 0
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An automated assembly robot that cost $400,000 has a depreciable life of 5 years with a...
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***********I NEED JUST PART E************ Thanks in advance!!! An oil refinery has decided to purchase some...
***********I NEED JUST PART
E************
Thanks in advance!!!
An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be kept for 10 years before being sold. The estimated salvage value (SV) for depreciation purposes is to be $25,000. Use this information to solve the following questions: a) Using the straight line (SL) method, the annual depreciation on the equipment is b) Using the double declining balance (DDB) method, the depreciation charge in year 3...
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You own some equipment that you purchased 3 years ago at a cost of $350,000. The equipment is 5-year property for MACRS. You are considering selling the equipment today for $123,000. Which one of the following statements is correct if your tax rate is (40%? initial : 350,000 MACRS 5-year property Year Rate 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 0 straight line 350,000 - 123,000 w @ a. The tax due on the sale is $26,425 b. The...
***********I NEED JUST PART
E************
Thanks in advance!!!
An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be kept for 10 years before being sold. The estimated salvage value (SV) for depreciation purposes is to be $25,000. Use this information to solve the following questions: a) Using the straight line (SL) method, the annual depreciation on the equipment is b) Using the double declining balance (DDB) method, the depreciation charge in year 3...
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