ZuoTi.Pro
Question

A project requires $37,655 of equipment that is classified as a 7-year property. What is the...

A project requires $37,655 of equipment that is classified as a 7-year property. What is the depreciation expense in Year 5 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1


Solution: 1 3,362.59 depreciation expense in Year 5 37655*0.0893

0 0
Add a comment
Know the answer?
Add Answer to:
A project requires $37,655 of equipment that is classified as a 7-year property. What is the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • A project requires $72,645 of equipment that is classified as a 7-year property. What is the...

    A project requires $72,645 of equipment that is classified as a 7-year property. What is the depreciation expense in Year 5 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

  • A project requires $471428 of equipment that is classified as 7-year property. What is the depreciation...

    A project requires $471428 of equipment that is classified as 7-year property. What is the depreciation expense in Year 5 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

  • A project requires $414073 of equipment that is classified as 7-year property. What is the book...

    A project requires $414073 of equipment that is classified as 7-year property. What is the book value of this asset at the end of year 3 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent?

  • A project requires $315929 of equipment that is classified as 7-year property. What is the depreciation...

    A project requires $315929 of equipment that is classified as 7-year property. What is the depreciation expense in Year 5 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and4.46 percent?

  • TTTTTTTTT current yield. 0 beta. Question 21 1 pts A project requires $71,129 of equipment that is classified as a 7-ye...

    TTTTTTTTT current yield. 0 beta. Question 21 1 pts A project requires $71,129 of equipment that is classified as a 7-year property. What is the depreciation expense in Year 2 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box Question 22 1 pts A company is considering purchasing an equipment...

  • TTTTTTTTT current yield. 0 beta. Question 21 1 pts A project requires $71,129 of equipment that...

    TTTTTTTTT current yield. 0 beta. Question 21 1 pts A project requires $71,129 of equipment that is classified as a 7-year property. What is the depreciation expense in Year 2 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box Question 22 1 pts A company is considering purchasing an equipment...

  • A plece of newly purchased Industrial equipment costs $1,050,000 and is classified as seven-year property under...

    A plece of newly purchased Industrial equipment costs $1,050,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in the MACRS Table. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Do not round Intermediate calculations and round your answers to the nearest whole number, e.g., 32. Leave no cells blank. Enter "o" when necessary.) Beginning Book Value Year Depreciation Allowance Ending Book Value Go HILFE Property Class 3-Year5 -Year Year 7-Year...

  • ABC, Inc. purchased an equipment at time=0 for $140,132. The shipping and installation costs were $15,535....

    ABC, Inc. purchased an equipment at time=0 for $140,132. The shipping and installation costs were $15,535. The equipment is classified as a 7-year MACRS property. The investment in net working capital at time=0 was $14,402 which would be recouped at the end of the project. The project life is six years. At the end of the sixth year, the company will sell the equipment for $6,548. The annual cash flows are $95,121. What is the cash flow of the project...

  • A piece of newly purchased industrial equipment costs $1,375,000 and is classified as seven-year property under...

    A piece of newly purchased industrial equipment costs $1,375,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Depreciation Year Beginning Book Value Ending Book Value 1 2 3 4 6 7 Property...

  • A piece of newly purchased industrial equipment costs $728143 and is classified as seven-year property under...

    A piece of newly purchased industrial equipment costs $728143 and is classified as seven-year property under MACRS. What is the book value at the beginning of year 8? (Round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.) Modified ACRS Depreciation Allowances (Table 10.7) Year Three-Year Five-Year Seven-Year 1 33.33% 20.00% 14.29% 2 44.45 32.00 24.49 3 14.81 19.20 17.49 4 7.41 11.52 12.49...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT