Homework Answers
Depreciation For Year 1
= $45,000*20%
= $9,000
Depreciation for Year 2
= $45,000*32%
= $14,400
Depreciation for Year 3
= $45,000*19%
= $8,550
Depreciation for Year 4
= $45,000*12%
= $5,400
Depreciation For Year 5
= $45,000*12%
= $5,400
Depreciation For Year 6
= $45,000*5%
= $2,250
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QUESTION 40 10 point Use the following tables to answer the question below: Lonestar Corporation purchased...
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a.3 b.5 c.7 d.10 Quesuon Completion Status: QUESTION 38 5 points Save A Use the following...
a.3
b.5
c.7
d.10
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PLEASE ANSWER ALL PARTS OF THE
QUESTION
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MACRS Schedule Table: Book value and taxes on sale of assets Troy Industries purchased a new...
MACRS Schedule Table:
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QUESTION 38 5 3 years Use the following tables to answer the question below: Lonestar Corporation purchased a new truck for $45,000. Once the vehicle is taken out of service, they expect for it to be able to be sold for $15,000. What is the depreciable value? Property class (recovery period) Definition Research equipment and certain special tools 5 years Computers, printers, copiers, duplicating equipment, cars, light-duty trucks, qualified technological equipment, and similar assets Office furniture, fixtures, most manufacturing equipment,...
a.3
b.5
c.7
d.10
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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...
MACRS Schedule Table:
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