given the following information, calculate the straight line depreciation rate for the second year. recovery period: 27.5 years, date of purchase, june 12th
A)20.0%
B)1.97%
C)3.63%
D) None of the above
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given the following information, calculate the straight line depreciation rate for the second year. recovery period:...
Given the following information, calculate the straight-line depreciation of the equipment. Equipment had a cash purchase price of $50,000; sales tax of $3,000; and installation costs of $1,000. Salvage value is expected to be $2,000. The useful life is expected to be 20 years.
F.E 7. Calculate the NPV for the following project. Use straight line depreciation over four-year period. Assume zero salvage at the end of the four years, with no required additional working capital. Calculate the NPV to the nearest cent xx.xx and enter without the dollar sign. WACC 14.9% Additional investment in fixed assets (depreciable basis) $100,000 Straight-line depreciation rate 25% Annual sales revenues (constant for all the years) $75,000 Operating costs (excl. depreciation) (also constant)...
A taxpayer places a $1,050,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019. Assuming half-year convention, an election to expense under Section 179, and no income limitation, what is the amount of total cost recovery deduction (no bonus depreciation)? a. $1,000,000 b. $200,000 c. $1,050,000 d. $1,026,000 e. $210,000 An asset (not an automobile) put in service in June 2019 has a depreciable basis of $35,000 and a recovery period...
The installed cost of a new computerized controller was $62,000. Calculate the depreciation schedule by year assuming a recovery period of 5 years and using the appropriate MACRS depreciation percentag given in the table EEB Complete the depreciation schedule for the new computerized controller below: Data Table Recovery Year Depreciation (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Depreciation Recovery Year Rounded Depreciation Percentages by...
Straight-Line Depreciation Rates Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage, assuming that the residual value of the fixed asset is to be ignored: (a) 4 years, (b) 8 years, (c) 10 years, (d) 16 years, (e) 25 years, (f) 40 years, (g) 50 years. If required, round your answers to two decimal places. Years Percentage 4 years 8 years 10 years 16 years 25 years 40 years 50 years...
3. Company A purchases $200,000 of equipment in year 0. It decides to use straight-line depreciation over the expected 20 yr life of the equipment. The interest rate is 16%. If its overall tax rate is 40%, what is the present worth of the after-tax depreciation recovery? $23,115 B. $23,315 C. $23,515 D. $23,715 A. 4 A. plan A B. Plan B C. Plan C D. Plan A or B 5. A machine costs $10,000 and can be depreciated over...
5-1 You purchase a new piece of equipment for $150,000. Using MACRS and a recovery period of three years, calculate: a. The depreciation amount in the second year. b. The book value at the end of the second year. 5-2 Cost basis S550,000; recovery period-10 years; salvage value $25,000. a.Using the sraigh line method, what i he amual depreciation? b. What is the book value at the end of the recovery period? 5-3 B- $270,000; SV-$15,000; recovery period-8 years. a....
The project of G-depress has the following information about the project: Assume straight-line depreciation to zero. Initial investment = $20 life = 5 years; pretax sales = $20 per year; total operating costs = 5, tax rate= 34%; no salvage value. Required NWC is $15. What is the NPV of this project if the discount rate is 11% Given number calculate the net income
15. When computing tax depreciation in the first year for new equipment the has a recovery period of less than 20 years, you ... a must take 100% bonus depreciation unless you elect not to de b. cannot take 100% bonus depreciation unless you elect to do c. can or cannot take 100% bonus depreciation as you wish; no election is required. d. must take 100% bonus depreciation unless you elect not to do sa but must wait to take...
Instructions Using the straight-line method of depreciation, calculate the depreciation expense, accumulated depreciation balance, and book value for each of the four years of the van's useful life. a. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted. (Always use cell references and formulas where appropriate to receive full credit. If you copy paste from the Instruction tab you will be marked wrong.) Total Points Total Points A B...