Homework Answers
Answer :-
a) 120780
b) 423669
c) 153927
d) 43951
In year of sale full depreciation is allowed
Calculation :-
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Your company just bought a new piece of automotive manufacturing equipment (asset class 13.3), which will...
Your company just bought a new piece of automotive manufacturing equipment (asset class 13.3), which will...
Your company just bought a new piece of automotive manufacturing equipment (asset class 13.3), which will be depreciated under MACRS (GDS) with a recovery period of 10 years. Given a cost basis of $91,000, please answer the following questions: a) How much does the asset depreciate in Year 2? b) What is the cumulative depreciation up to and including Year 5? c) What is the book value at the end of Year 7? d) If the asset is sold in...
Your company has purchased a large new trucktractor for over-the-road use (asset class 00.26). It has...
Your company has purchased a large new trucktractor for over-the-road use (asset class 00.26). It has a cost basis of $175,000. With additional options costing $14,000, the cost basis for depreciation purposes is $189,000. Its MV at the end of six years is estimated as $41,000. Assume it will be depreciated under the GDS: a. What is the cumulative depreciation through the end of year three? b. What is the MACRS depreciation in the second year? c. What is the...
A global positioning system (GPS) receiver is purchased for $2,000. The IRS informs your company that...
A global positioning system (GPS) receiver is purchased for $2,000. The IRS informs your company that the useful (class) life of the system is seven years. The expected market (salvage) value is $450 at the end of year seven a. Use the straight line method to calculate depreciation in year three. b. Use the 200% declining balance method to calculate the cumulative depreciation through year four. c. Use the MACRS method to calculate the cumulative depreciation through year five. d....
PLEASE ANSWER WILL RATE A piece of construction equipment (asset class 15.0) was purchased by the...
PLEASE ANSWER WILL RATE
A piece of construction equipment (asset class 15.0) was purchased by the Jones Construction Company. The cost basis was $320,000. a. Determine the GDS and ADS depreciation deductions for this property. b. Compute the difference in PW of the two sets of depreciation deductions in Part (a) if i = 10% per year. 5 Click the icon to view the partial listing of depreciable assets used in business. 3 Click the icon to view the GDS...
A high-precision programmable router for shaping furniture components (manufacturing equipment) is purchased by Henredon for $240,000....
A high-precision programmable router for shaping furniture components (manufacturing equipment) is purchased by Henredon for $240,000. It is expected to last 12 years. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances. a. What is the MACRS-GDS property class? (format example: 3 year) Calculate the depreciation deduction using MACRS-GDS allowances for year 5 = $. Please provide your response to the nearest integer with no comma or $ sign. Calculate the book value using MACRS-GDS allowances...
Answer part B, part A is correct estimated to be A company purchases an industrial laser for $153,000. The device has a...
Answer part B, part A is correct
estimated to be A company purchases an industrial laser for $153,000. The device has a useful life of 4 years and a salvage value (market value) at the end of those four years of $50,000. The before-tax cash flow V per y Ogested applving the 3-vear MACRS (GDS) method instead of the straight-line method. Given an effective tax rate of 25% , determine the depreciation schedule and the after tax cash flow b....
Question 3 (40 points) A high-precision programmable router for shaping furniture components (manufacturing equipment) is purchased...
Question 3 (40 points) A high-precision programmable router for shaping furniture components (manufacturing equipment) is purchased by Henredon for $240,000. It is expected to last 12 years. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances. a. What is the MACRS-GDS property class? (format example: 3 year) Calculate the depreciation deduction using MACRS-GDS allowances for year 5 = $. Please provide your response to the nearest integer with no comma or $ sign. Calculate the book...
Please answer part B. Part A is correct. Will rate highly. A company purchases an industrial laser for $153,000. The de...
Please answer part B. Part A is correct. Will rate highly.
A company purchases an industrial laser for $153,000. The device has a useful life of 4 years and a salvage value (market value) at the end of those four years of $50,000. The before-tax cash flow is estimated to be s80,000 per vear. a. You, of course, suggested applying the 3-year MACRS (GDS) method instead of the straight-line method. Given b. Based on the MACRS depreciation schedule for this...
Company XYZ has just purchased a new piece of equipment for $71.2 thousand (depreciable basis). The...
Company XYZ has just purchased a new piece of equipment for $71.2 thousand (depreciable basis). The company plans to depreciate the equipment according to the MACRS schedule listed below. MACRS Schedule: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 20% 32% 19% 12% 11% 6% What is the ending book value of the equipment at the end of year 4? Enter you answer as a number with no decimal places and no commas or dollar sign....
Brock Florist Company buys a new delivery truck for $36,000. It is classified as a light-duty...
Brock Florist Company buys a new delivery truck for $36,000. It is classified as a light-duty truck. the tax rate is 0.3 a. Calculate the depreciation schedule using a five-year lfe and MACRS depreciation. b. Calculate the remaining book value at the end of year 4 and the termination value (aka. cost recovery or after tax salvage value) for the delivery truck if the truck can be sold at the end of year 4 for$2,000. a. Calculate the depreciation schedule...
Your company just bought a new piece of automotive manufacturing equipment (asset class 13.3), which will be depreciated under MACRS (GDS) with a recovery period of 10 years. Given a cost basis of $91,000, please answer the following questions: a) How much does the asset depreciate in Year 2? b) What is the cumulative depreciation up to and including Year 5? c) What is the book value at the end of Year 7? d) If the asset is sold in...
Your company has purchased a large new trucktractor for over-the-road use (asset class 00.26). It has a cost basis of $175,000. With additional options costing $14,000, the cost basis for depreciation purposes is $189,000. Its MV at the end of six years is estimated as $41,000. Assume it will be depreciated under the GDS: a. What is the cumulative depreciation through the end of year three? b. What is the MACRS depreciation in the second year? c. What is the...
A global positioning system (GPS) receiver is purchased for $2,000. The IRS informs your company that the useful (class) life of the system is seven years. The expected market (salvage) value is $450 at the end of year seven a. Use the straight line method to calculate depreciation in year three. b. Use the 200% declining balance method to calculate the cumulative depreciation through year four. c. Use the MACRS method to calculate the cumulative depreciation through year five. d....
PLEASE ANSWER WILL RATE
A piece of construction equipment (asset class 15.0) was purchased by the Jones Construction Company. The cost basis was $320,000. a. Determine the GDS and ADS depreciation deductions for this property. b. Compute the difference in PW of the two sets of depreciation deductions in Part (a) if i = 10% per year. 5 Click the icon to view the partial listing of depreciable assets used in business. 3 Click the icon to view the GDS...
A high-precision programmable router for shaping furniture components (manufacturing equipment) is purchased by Henredon for $240,000. It is expected to last 12 years. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances. a. What is the MACRS-GDS property class? (format example: 3 year) Calculate the depreciation deduction using MACRS-GDS allowances for year 5 = $. Please provide your response to the nearest integer with no comma or $ sign. Calculate the book value using MACRS-GDS allowances...
Answer part B, part A is correct
estimated to be A company purchases an industrial laser for $153,000. The device has a useful life of 4 years and a salvage value (market value) at the end of those four years of $50,000. The before-tax cash flow V per y Ogested applving the 3-vear MACRS (GDS) method instead of the straight-line method. Given an effective tax rate of 25% , determine the depreciation schedule and the after tax cash flow b....
Question 3 (40 points) A high-precision programmable router for shaping furniture components (manufacturing equipment) is purchased by Henredon for $240,000. It is expected to last 12 years. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances. a. What is the MACRS-GDS property class? (format example: 3 year) Calculate the depreciation deduction using MACRS-GDS allowances for year 5 = $. Please provide your response to the nearest integer with no comma or $ sign. Calculate the book...
Please answer part B. Part A is correct. Will rate highly.
A company purchases an industrial laser for $153,000. The device has a useful life of 4 years and a salvage value (market value) at the end of those four years of $50,000. The before-tax cash flow is estimated to be s80,000 per vear. a. You, of course, suggested applying the 3-year MACRS (GDS) method instead of the straight-line method. Given b. Based on the MACRS depreciation schedule for this...
Brock Florist Company buys a new delivery truck for $36,000. It is classified as a light-duty truck. the tax rate is 0.3 a. Calculate the depreciation schedule using a five-year lfe and MACRS depreciation. b. Calculate the remaining book value at the end of year 4 and the termination value (aka. cost recovery or after tax salvage value) for the delivery truck if the truck can be sold at the end of year 4 for$2,000. a. Calculate the depreciation schedule...
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