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A tractor for over-the-road hauling is purchased for $94,300. It is expected to be of use...
A tractor for over-the-road hauling is purchased for $94,800. It is expected to be of use...
A tractor for over-the-road hauling is purchased for $94,800. It is expected to be of use to the company for 9 years, after which it will be salvaged for $18,200. Use double declining balance depreciation. Depreciation for year 6 = $
Question 13 A tractor for over-the-road hauling is purchased for $85,000.00. It is expected to be...
Question 13 A tractor for over-the-road hauling is purchased for $85,000.00. It is expected to be of use to the company for 6 years, after which it will be salvaged for $3,400.00. Calculate the depreciation deduction and the unrecovered investment during each year of the tractors life. a. Use straight-line depreciation. Provide depreciation and book value for year 6. Depreciation for year 6 = $ book value for year 6 = $ b. Use declining-balance depreciation, with a rate that...
Please explain each step with number and logic. A tractor for over-the-road hauling is purchased for...
Please explain each step with number and
logic.
A tractor for over-the-road hauling is purchased for $90,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000. Calculate the depreciation deduction and the unrecovered investment during each year of the tractor's life using MACRS-GDS allowances. a. What is the MACRS-GDS property class? ANSWER b. Assume the tractor is used for the full 6 years ANSWER C. Assume the tractor...
AgriGrow is to purchase a tractor for over-the-road hauling for $90,000. It is expected to be...
AgriGrow is to purchase a tractor for over-the-road hauling for $90,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000. Transportation cost savings are expected to be $170,000 per year; however, the cost of drivers is expected to be $70,000 per year, and operating expenses are expected to be $63,000 per year, including fuel, maintenance, insurance, and the like. The company's marginal tax rate is 40 percent, and...
Question 2 (40 points) Please provide your response to the nearest integer with no comma or...
Question 2 (40 points) Please provide your response to the nearest integer with no comma or $ sign. A tractor for over-the-road hauling is purchased for $98,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $3,000. Calculate the depreciation deduction and the the book value during each year of the tractors life. Use straight-line depreciation. Provide depreciation and book value for year 6. Depreciation for year 6 =...
enginering economics Please provide your response to the nearest integer with no comma or $ sign....
enginering economics
Please provide your response to the nearest integer with no comma or $ sign. A small truck is purchased for $35,000. It is expected to be of use to the company for 6 years, after which it will be sold for $12,500. Determine the depreciation deduction A Determine at the fifth year 'using SLN. the book value at fifth year USING SLN. AV Please provide your response to the nearest integer with no comma or $ sign. A...
just ans 7. SR 40,000 is invested in a project that gives annual returns of SR...
just ans
7. SR 40,000 is invested in a project that gives annual returns of SR 12,000 for 10 years. If MARR is 10% per year. ERR is closest to which of the following: (unit: %) a) 16.94 b) 18.18 c) 16.13 d) 20.35 Question 2 (16 marks): (CLO2: 40%, CLO3: 60%) 8. The depreciation allowance for year 11 of an asset with a 20-year useful life is 3,000. If the salvage value was estimated to be SR 2,000 and...
Problem 1) A Fantastic Transportation Company bought today a new Tractor unit for use over the...
Problem 1) A Fantastic Transportation Company bought today a new Tractor unit for use over the road for shipping products all over the USA for $98,000. And this Tractor unit requires an additional working capital of $3,000 to install a GPS tracking system. It is estimated that the Salvage Value of tractor unit is going to be equal to $8,000 at the end of its useful life. Fantastic Company uses an After-Tax MARR of 15%. Calculate: ONLY the depreciation amounts...
A construction company is purchasing a new Tractor for over the road use. The IRS classifies...
A construction company is purchasing a new Tractor for over the road use. The IRS classifies this as 3-year property. The truck costs $471000. Determine the depreciation allowance for each year using DDB method. Year 1 $ Year 2 $ Year 3 $ Year 4 $
Red Brick Company purchased a front-end loader and tractor for $49,000 on April 1 of year 1. The tractor has an est...
Red Brick Company purchased a front-end loader and tractor for $49,000 on April 1 of year 1. The tractor has an estimated useful life of six years or 20,000 hours and a residual value of $4,000. Listed in the chart below is the number of hours the tractor and front-end loader were used during years 1 through 7. Year # of hours used 1,290 3,775 3,690 3,550 3,645 3,450 600 a) Calculate depreciation using the straight line method for years...
Question 13 A tractor for over-the-road hauling is purchased for $85,000.00. It is expected to be of use to the company for 6 years, after which it will be salvaged for $3,400.00. Calculate the depreciation deduction and the unrecovered investment during each year of the tractors life. a. Use straight-line depreciation. Provide depreciation and book value for year 6. Depreciation for year 6 = $ book value for year 6 = $ b. Use declining-balance depreciation, with a rate that...
Please explain each step with number and
logic.
A tractor for over-the-road hauling is purchased for $90,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000. Calculate the depreciation deduction and the unrecovered investment during each year of the tractor's life using MACRS-GDS allowances. a. What is the MACRS-GDS property class? ANSWER b. Assume the tractor is used for the full 6 years ANSWER C. Assume the tractor...
AgriGrow is to purchase a tractor for over-the-road hauling for $90,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000. Transportation cost savings are expected to be $170,000 per year; however, the cost of drivers is expected to be $70,000 per year, and operating expenses are expected to be $63,000 per year, including fuel, maintenance, insurance, and the like. The company's marginal tax rate is 40 percent, and...
Question 2 (40 points) Please provide your response to the nearest integer with no comma or $ sign. A tractor for over-the-road hauling is purchased for $98,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $3,000. Calculate the depreciation deduction and the the book value during each year of the tractors life. Use straight-line depreciation. Provide depreciation and book value for year 6. Depreciation for year 6 =...
enginering economics
Please provide your response to the nearest integer with no comma or $ sign. A small truck is purchased for $35,000. It is expected to be of use to the company for 6 years, after which it will be sold for $12,500. Determine the depreciation deduction A Determine at the fifth year 'using SLN. the book value at fifth year USING SLN. AV Please provide your response to the nearest integer with no comma or $ sign. A...
just ans
7. SR 40,000 is invested in a project that gives annual returns of SR 12,000 for 10 years. If MARR is 10% per year. ERR is closest to which of the following: (unit: %) a) 16.94 b) 18.18 c) 16.13 d) 20.35 Question 2 (16 marks): (CLO2: 40%, CLO3: 60%) 8. The depreciation allowance for year 11 of an asset with a 20-year useful life is 3,000. If the salvage value was estimated to be SR 2,000 and...
Red Brick Company purchased a front-end loader and tractor for $49,000 on April 1 of year 1. The tractor has an estimated useful life of six years or 20,000 hours and a residual value of $4,000. Listed in the chart below is the number of hours the tractor and front-end loader were used during years 1 through 7. Year # of hours used 1,290 3,775 3,690 3,550 3,645 3,450 600 a) Calculate depreciation using the straight line method for years...
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