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Please put in excel spreadsheet and please show formula and answers. Thank you. LU 17-4a EXTRA PRACTICE QUIZ WİTH WORKED-OUT SOLUTIONS Try this 1. In 2015, Rancho Corporation bought semiconductor equipment for $90,000. U MACRS, what is the depreciation expense in year 3? What would depreciation be the first year for a Extra Practice Qulz (check t would depreciation be the first year for a wastewater treatment plant that co $900,000 gures in the Interactive Chapter 2. Drganizer). W an be found in Appendix B art nd of text
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Answer to Q#1 (First question in the list) Depreciation expense in year-3$17,280 Reason: Semiconductor manufactoring equipment falls under 5-year MACRS depreciation. Therefore, Year 1 2 3 4 5 years 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% Cost $90,000 $90,000 $90,000 $90,000 $90,000 $90,000 Dep. Exp. $18,000 $28,800 $17,280 $10.368 $10.368 $5,184 [$90,000 x 20.00%) [$90,000 x 32.00%) [$90,000 x 19.20%) [$90,000 x 11.52%) [$90,000 x 11.52%) [$90,000 x 5.76%)

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