A piece of equipment having a negligible salvage and scrap value is estimated to have a...
A piece of equipment having a negligible salvage and scrap value is estimated to have a MCRS and straight-line recovery period of 5 years. The original cost of the equipment was 50,000.
Determine
a) the depreciation charge for the second year if straight line depreciation is used and the percent of the original investment paid off in the first 2 years
b) the depreciation charge for the fifth year if the modified accelerated cost recovery system (MACRS) is used and the percent of the original investment paid off in the first 2 years.
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A piece of equipment having a negligible salvage and scrap value
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digits c) Double declining balance d) Modified accelerated cost
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please help
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