Homework Answers
Ans: 7 years
Explanation:
According to GDS guideline, the recovery period of equipments, office Furniture, Fixtures, Safe etc. is 7 years. Since, the logging equipment an equipment, therefore, its recovery period is 7 years.
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A wood products company has decided to purchase now logging equipment for $100.000 with a wade-in...
5. A wood products company has decided to purchase new logging equipment for $102,000 with a...
5. A wood products company has decided to purchase new logging equipment for $102,000 with a trade-in of its old equipment. The old equipment has a BV of $7,000 at the time of the trade-in. The new equipment will be kept for 11 years before being sold. Its estimated SV at the time is expected to be $3000. Using the SL method, what is the BV at the end of the depreciable life? Choose the correct answer below. OA. The...
An oil refinery has decided to purchase some new drilling equipment for $440,000. The equipment will...
An oil refinery has decided to purchase some new drilling equipment for $440,000. The equipment will be kept for 9 years before being sold. The estimated SV for depreciation purposes is to be $18,000. If MACRS depreciation is used, what is the recovery period of the equipment using the GDS guidelines? Click the icon to view the partial listing of depreciable assets used in business. Choose the correct answer below. O A. The recovery period of the equipment using the...
An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will...
An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be kept for 10 years before being sold. The estimated salvage value (SV) for depreciation purposes is to be $25,000. Use this information to solve the following questions: a) Using the straight line (SL) method, the annual depreciation on the equipment is _________________. b) Using the double declining balance (DDB) method, the depreciation charge in year 3 is ______________. c) Using the SL method,...
***********I NEED JUST PART E************ Thanks in advance!!! An oil refinery has decided to purchase some...
***********I NEED JUST PART
E************
Thanks in advance!!!
An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be kept for 10 years before being sold. The estimated salvage value (SV) for depreciation purposes is to be $25,000. Use this information to solve the following questions: a) Using the straight line (SL) method, the annual depreciation on the equipment is b) Using the double declining balance (DDB) method, the depreciation charge in year 3...
Comey Products has decided to acquire some new equipment having a $260,000 purchase price. The equipment...
Comey Products has decided to acquire some new equipment having a $260,000 purchase price. The equipment will last 4 years and is in the MACRS 3-year class. (The depreciation rates for Year 1 through Year 4 are equal to 0.3333, 0.4445, 0.1481, and 0.0741.) The firm can borrow at a 10% rate and pays a 25% federal-plus-state tax rate. Comey is considering leasing the property but wishes to know the cost of borrowing that it should use when comparing purchasing...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase price. The equipment will last 4 years and is in the MACRS 3-year class. (The depreciation rates for Year 1 through Year 4 are equal to 0.3333, 0.4445, 0.1481, and 0.0741.) The firm can borrow at a 5% rate and pays a 25% federal-plus-state tax rate. Comey is considering leasing the property but wishes to know the cost of borrowing that it should use...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase price. The equipment will last 4 years and is in the MACRS 3-year class. (The depreciation rates for Year 1 through Year 4 are equal to 0.3333, 0.4445, 0.1481, and 0.0741.) The firm can borrow at a 5% rate and pays a 25% federal-plus-state tax rate. Comey is considering leasing the property but wishes to know the cost of borrowing that it should use...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase price. The equipment will last 4 years and is in the MACRS 3-year class. (The depreciation rates for Year 1 through Year 4 are equal to 0.3333, 0.4445, 0.1481, and 0.0741.) The firm can borrow at a 5% rate and pays a 25% federal-plus-state tax rate. Comey is considering leasing the property but wishes to know the cost of borrowing that it should use...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase price. The equipment will last 4 years and is in the MACRS 3-year class. (The depreciation rates for Year 1 through Year 4 are equal to 0.3333, 0.4445, 0.1481, and 0.0741.) The firm can borrow at a 5% rate and pays a 25% federal-plus-state tax rate. Comey is considering leasing the property but wishes to know the cost of borrowing that it should use...
Tech Engineering Company is considering the purchase of a new machine to replace an existing one....
Tech Engineering Company is considering the purchase of a new machine to replace an existing one. The old machine was purchases 4 years ago at a cost of $8,000, and was being depreciated over 8 years using straight line depreciation to a SV of O. The current market value of the old machine is $5,000. The new machine falls into the MACRS 5-year class, has an estimated life of 5 years, it costs $100,000, and Tech plans to sell the...
5. A wood products company has decided to purchase new logging equipment for $102,000 with a trade-in of its old equipment. The old equipment has a BV of $7,000 at the time of the trade-in. The new equipment will be kept for 11 years before being sold. Its estimated SV at the time is expected to be $3000. Using the SL method, what is the BV at the end of the depreciable life? Choose the correct answer below. OA. The...
An oil refinery has decided to purchase some new drilling equipment for $440,000. The equipment will be kept for 9 years before being sold. The estimated SV for depreciation purposes is to be $18,000. If MACRS depreciation is used, what is the recovery period of the equipment using the GDS guidelines? Click the icon to view the partial listing of depreciable assets used in business. Choose the correct answer below. O A. The recovery period of the equipment using the...
***********I NEED JUST PART
E************
Thanks in advance!!!
An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be kept for 10 years before being sold. The estimated salvage value (SV) for depreciation purposes is to be $25,000. Use this information to solve the following questions: a) Using the straight line (SL) method, the annual depreciation on the equipment is b) Using the double declining balance (DDB) method, the depreciation charge in year 3...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase price. The equipment will last 4 years and is in the MACRS 3-year class. (The depreciation rates for Year 1 through Year 4 are equal to 0.3333, 0.4445, 0.1481, and 0.0741.) The firm can borrow at a 5% rate and pays a 25% federal-plus-state tax rate. Comey is considering leasing the property but wishes to know the cost of borrowing that it should use...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase price. The equipment will last 4 years and is in the MACRS 3-year class. (The depreciation rates for Year 1 through Year 4 are equal to 0.3333, 0.4445, 0.1481, and 0.0741.) The firm can borrow at a 5% rate and pays a 25% federal-plus-state tax rate. Comey is considering leasing the property but wishes to know the cost of borrowing that it should use...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase price. The equipment will last 4 years and is in the MACRS 3-year class. (The depreciation rates for Year 1 through Year 4 are equal to 0.3333, 0.4445, 0.1481, and 0.0741.) The firm can borrow at a 5% rate and pays a 25% federal-plus-state tax rate. Comey is considering leasing the property but wishes to know the cost of borrowing that it should use...
Cost of Borrowing Comey Products has decided to acquire some new equipment having a $290,000 purchase price. The equipment will last 4 years and is in the MACRS 3-year class. (The depreciation rates for Year 1 through Year 4 are equal to 0.3333, 0.4445, 0.1481, and 0.0741.) The firm can borrow at a 5% rate and pays a 25% federal-plus-state tax rate. Comey is considering leasing the property but wishes to know the cost of borrowing that it should use...
Tech Engineering Company is considering the purchase of a new machine to replace an existing one. The old machine was purchases 4 years ago at a cost of $8,000, and was being depreciated over 8 years using straight line depreciation to a SV of O. The current market value of the old machine is $5,000. The new machine falls into the MACRS 5-year class, has an estimated life of 5 years, it costs $100,000, and Tech plans to sell the...
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