Homework Answers
| Installed Cost | $ 935,000 | |
| Less: Recovery in First year | $ 187,000 | ( $ 935,000 * 20%) |
| Less: Recovery in Second year | $ 299,200 | ( $ 935,000 * 32%) |
| Less: Recovery in Third year | $ 177,650 | ( $ 935,000 * 19%) |
| Remaining Book Value | $ 271,150 |
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Book value Find the book value for the asset shown in the accompanying table, assuming that...
Book value Find the book value for the asset shown in the accompanying table, assuming that...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery period (years) Elapsed time since purchase (years) Data Table Asset А Installed cost $994,000 The remaining book value is $ (Round to the nearest dollar.) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First...
Book value Find the book value for the asset shown in the accompanying table, assuming that...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used ! Recovery period years) Elapsed ome since purchase years) i Data Table Asset installed cost 5906.000 Percentage by recovery year The remaining book value is [Round to the nearest dollar) 10 years 25% 18 1004 E OUT answer in the answer box and then click check Answer 100% 100% These percentages have been founded to the nearest whole percent...
Book value Find the book value for the asset shown in the accompanying table, assuming that...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Elapsed time since purchase (years) Recovery period (years) Data Table Installed cost Asset $927,000 A 5 4 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) The remaining book value is (Round to the nearest dollar.) Rounded Depreciation Percentages by Recovery Year Using MACRS for...
MACRS Schedule Table: Book value and taxes on sale of assets Troy Industries purchased a new...
MACRS Schedule Table:
Book value and taxes on sale of assets Troy Industries purchased a new machine 3 year(s) ago for $76,000. It is being Assume 40% ordinary and capital gains tax depreciated under MACRS with a 5-year recovery period using the schedule rates. a. What is the book value of the machine? b. Calculate the firm's tax liability if it sold the machine for each of the following amounts: $91,200; $53,200; $22,040; and $15,400. a. The remaining book value...
Book value and taxes on sale of assets - Troy Industries purchased a new machine 3...
Book value and taxes on sale of assets - Troy Industries purchased a new machine 3 years ago for $84,000. It is being depreciated under MACRS with a 5-year recovery period using the schedule. Assume 40% ordinary and capital gains tax rate. Rounded Depreciation Percentages by Recover Year Using MACRS for First Four Property Classes Percentages by Recover Year* Recovery Year 3 years 5 years 7 years 10 years 1 33% 20% 14% 10% 2 45% 32% 25% 18% 3...
P4-1 Depreciation On March 20, 2012, Norton Systems acquired two new assets. Asset A was research...
P4-1 Depreciation On March 20, 2012, Norton Systems acquired two new assets. Asset A was research equipment costing $17,000 and having a 3-year recovery period. Asset B was duplicating equipment having an installed cost of $45,000 and a 5-vear recovery period. Using the MACRS depreciation percentages in Table 4.2 on page 117, prepare a depreciation schedule for each of these assets. P4-2 Depreciation In early 2012, Sosa Enterprises purchased a new machine for $10,000 to make cork stoppers for wine...
PLEASE ANSWER ALL PARTS OF THE QUESTION Calculating initial investment Vastine Medical, Inc., is considering replacing...
PLEASE ANSWER ALL PARTS OF THE
QUESTION
Calculating initial investment Vastine Medical, Inc., is considering replacing its existing computer system, which was purchased 2 years ago at a cost of $315,000. The system can be sold today for $194,000. It is being depreciated using MACRS and a 5-year recovery period (see the table A new computer system will cost $505,000 to purchase and install. Replacement of the computer system would not involve any change in net working capital. Assume a...
Calculating initial investment Vastine Medical, Inc., is considering replacing its existing computer system, which was purchased...
Calculating initial investment Vastine Medical, Inc., is considering replacing its existing computer system, which was purchased 3 years ago at a cost of $325,000. The system can be sold today for $199,000. It is being depreciated using MACRS and a 5-year recovery period (see the table ). A new computer system will cost $495,000 to purchase and install. Replacement of the computer system would not involve any change in net working capital. Assume a 40% tax rate on ordinary income...
Calculating initial investment Vastine Medical Inc, is considering replacing its existing computer system, which was purchased...
Calculating initial investment Vastine Medical Inc, is considering replacing its existing computer system, which was purchased 2 years ago at a cost of $331,000. The system can be sold today for $203,000. It is being depreciated using MACRS and a 5-year recovery period (see the table ) A new computer system will cost 5508,000 to purchase and install. Replacement of the computer system would not involve any change in net working capital. Assume a 40% tax rate on ordinary Income...
Calculating initial investment Vastine Medical, Inc., is considering replacing its existing computer system, which was purchased...
Calculating initial investment Vastine Medical, Inc., is considering replacing its existing computer system, which was purchased 2 years ago at a cost of $318,000. The system can be sold today for $204,000. It is being depreciated using MACRS and a 5-year recovery period (see the table ). A new computer system will cost $498,000 to purchase and install. Replacement of the computer system would not involve any change in net working capital. Assume a 40% tax rate on ordinary income...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery period (years) Elapsed time since purchase (years) Data Table Asset А Installed cost $994,000 The remaining book value is $ (Round to the nearest dollar.) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used ! Recovery period years) Elapsed ome since purchase years) i Data Table Asset installed cost 5906.000 Percentage by recovery year The remaining book value is [Round to the nearest dollar) 10 years 25% 18 1004 E OUT answer in the answer box and then click check Answer 100% 100% These percentages have been founded to the nearest whole percent...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Elapsed time since purchase (years) Recovery period (years) Data Table Installed cost Asset $927,000 A 5 4 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) The remaining book value is (Round to the nearest dollar.) Rounded Depreciation Percentages by Recovery Year Using MACRS for...
MACRS Schedule Table:
Book value and taxes on sale of assets Troy Industries purchased a new machine 3 year(s) ago for $76,000. It is being Assume 40% ordinary and capital gains tax depreciated under MACRS with a 5-year recovery period using the schedule rates. a. What is the book value of the machine? b. Calculate the firm's tax liability if it sold the machine for each of the following amounts: $91,200; $53,200; $22,040; and $15,400. a. The remaining book value...
P4-1 Depreciation On March 20, 2012, Norton Systems acquired two new assets. Asset A was research equipment costing $17,000 and having a 3-year recovery period. Asset B was duplicating equipment having an installed cost of $45,000 and a 5-vear recovery period. Using the MACRS depreciation percentages in Table 4.2 on page 117, prepare a depreciation schedule for each of these assets. P4-2 Depreciation In early 2012, Sosa Enterprises purchased a new machine for $10,000 to make cork stoppers for wine...
PLEASE ANSWER ALL PARTS OF THE
QUESTION
Calculating initial investment Vastine Medical, Inc., is considering replacing its existing computer system, which was purchased 2 years ago at a cost of $315,000. The system can be sold today for $194,000. It is being depreciated using MACRS and a 5-year recovery period (see the table A new computer system will cost $505,000 to purchase and install. Replacement of the computer system would not involve any change in net working capital. Assume a...
Calculating initial investment Vastine Medical, Inc., is considering replacing its existing computer system, which was purchased 3 years ago at a cost of $325,000. The system can be sold today for $199,000. It is being depreciated using MACRS and a 5-year recovery period (see the table ). A new computer system will cost $495,000 to purchase and install. Replacement of the computer system would not involve any change in net working capital. Assume a 40% tax rate on ordinary income...
Calculating initial investment Vastine Medical Inc, is considering replacing its existing computer system, which was purchased 2 years ago at a cost of $331,000. The system can be sold today for $203,000. It is being depreciated using MACRS and a 5-year recovery period (see the table ) A new computer system will cost 5508,000 to purchase and install. Replacement of the computer system would not involve any change in net working capital. Assume a 40% tax rate on ordinary Income...
Calculating initial investment Vastine Medical, Inc., is considering replacing its existing computer system, which was purchased 2 years ago at a cost of $318,000. The system can be sold today for $204,000. It is being depreciated using MACRS and a 5-year recovery period (see the table ). A new computer system will cost $498,000 to purchase and install. Replacement of the computer system would not involve any change in net working capital. Assume a 40% tax rate on ordinary income...
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