Homework Answers
| Year | Rate | Cost | Depreciation | Book value |
| 1 | 0.1429 | 185000 | 26436.5 | 158563.5 |
| 2 | 0.2449 | 185000 | 45306.5 | 113257 |
| 3 | 0.1749 | 185000 | 32356.5 | 80900.5 |
Depreciation = C*R
Book value for 1st year = C-Depreciation
Book value for 2nd year = BV for 1st year - Depreciation
Book value for 3rd year = BV for 2nd year - Depreciation
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Problem 9.24 (30 pts) A machine is classified as a seven-year MACRS property. Compute the book...
A piece of newly purchased industrial equipment costs $978,000 and is classified as seven-year property under...
A piece of newly purchased industrial equipment costs $978,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7 Calculate the annual depreciation allowances and end-of-the-vear book values for this equipment (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Year Beginning Book Value Depreciation Ending book Value د ta یه ن in in ه...
A piece of newly purchased industrial equipment costs $916,513.00 and is classified as a seven-year property...
A piece of newly purchased industrial equipment costs $916,513.00 and is classified as a seven-year property under MACRS. What is the book value of this piece of equipment at the end of year 3?
A piece of newly purchased industrial equipment costs $1,375,000 and is classified as seven-year property under...
A piece of newly purchased industrial equipment costs $1,375,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Depreciation Year Beginning Book Value Ending Book Value 1 2 3 4 6 7 Property...
4. Lefty's just purchased some equipment that is classified as 7-year property for MACRS. The equipment...
4. Lefty's just purchased some equipment that is classified as 7-year property for MACRS. The equipment cost $67,600. The MACRS table values are .1429, .2449, .1749, .1249, and .0893, for Years 1 to 5, respectively. What will the book value of this equipment be at the end of four years? $7,040.00 $15,081.56 $21,118.24 $8,443.24 $6,036.68
A piece of newly purchased industrial equipment costs $946,376.00 and is classified as a seven-year property...
A piece of newly purchased industrial equipment costs $946,376.00 and is classified as a seven-year property under MACRS. What is the book value of this piece of equipment at the end of year 3? unanswered Submit not_submitted Answer format: Currency: Round to: 2 decimal places.
You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost...
You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $173,000. What will the book value of this equipment be at the end of 4 years should you decide to resell the equipment at that point in time? Do not include the $ sign, and round it to a whole dollar. MACRS 5-year property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76%
You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost...
You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $79,000. What will the book value of this equipment be at the end of two years should you decide to resell the equipment at that point in time? MACRS 5-year Property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76% Group of answer choices $56,248 $41,080 $37,920 $5,056 $22,752
A piece of newly purchased industrial equipment costs $977,000 and is classified as seven-year property under...
A piece of newly purchased industrial equipment costs $977,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment.
A piece of newly purchased industrial equipment costs $983,000 and is classified as seven-year property under...
A piece of newly purchased industrial equipment costs $983,000
and is classified as seven-year property under MACRS. The MACRS
depreciation schedule is shown in Table 10.7. Calculate the annual
depreciation allowances and end-of-the-year book values for this
equipment. (Leave no cells blank - be certain to enter "0"
wherever required. Round your answers to 2 decimal places. (e.g.,
32.16))
Year
Beginning Book Value
Depreciation
Ending book Value
1
$
$
$
2
$
$
$
3
$
$
$
4...
A piece of newly purchased industrial equipment costs $1,375,000 and is classified as seven-year property under...
A piece of newly purchased industrial equipment costs $1,375,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 10 points Skipped Beginning Book Value Depreciation Ending Book Value Year 1 eBook Print References
A piece of newly purchased industrial equipment costs $978,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7 Calculate the annual depreciation allowances and end-of-the-vear book values for this equipment (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Year Beginning Book Value Depreciation Ending book Value د ta یه ن in in ه...
A piece of newly purchased industrial equipment costs $1,375,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Depreciation Year Beginning Book Value Ending Book Value 1 2 3 4 6 7 Property...
A piece of newly purchased industrial equipment costs $946,376.00 and is classified as a seven-year property under MACRS. What is the book value of this piece of equipment at the end of year 3? unanswered Submit not_submitted Answer format: Currency: Round to: 2 decimal places.
A piece of newly purchased industrial equipment costs $983,000
and is classified as seven-year property under MACRS. The MACRS
depreciation schedule is shown in Table 10.7. Calculate the annual
depreciation allowances and end-of-the-year book values for this
equipment. (Leave no cells blank - be certain to enter "0"
wherever required. Round your answers to 2 decimal places. (e.g.,
32.16))
Year
Beginning Book Value
Depreciation
Ending book Value
1
$
$
$
2
$
$
$
3
$
$
$
4...
A piece of newly purchased industrial equipment costs $1,375,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 10 points Skipped Beginning Book Value Depreciation Ending Book Value Year 1 eBook Print References
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