Question

A manufacturer of aerospace products purchased five flexible assembly cells for $500,000 each. Delivery and insurance chargesMACRS Class Lives and Recovery Periods Class Life Recovery Periods GDS ADS 10 Asset Class 00.11 00.12 00.22 00.23 00.241 00.2Year SO OWN GDS Recovery Rates (r) for the Six Personal Property Classes Recovery Period (and Property Class) 3-yeara 5-yeara

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Answer #1

(as Cost basis = (5x $ 500,00) + ($32,000) + ($49.000) - $ 2,581,000 = $12581 thousand (b) From the table, the class life = 1

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