Homework Answers
| Cost of assets: 62000 | |||||
| Year | Rate of Dep | Depreciation expenses | |||
| 1 | 20% | 12400 | |||
| 2 | 32% | 19840 | |||
| 3 | 19% | 11780 | |||
| 4 | 12% | 7440 | |||
| 5 | 12% | 7440 | |||
| 6 | 5% | 3100 | |||
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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 percent...
Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery...
Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year* Recovery year 3 years 5 years 7 years 33% 20% 14% 45% 32% 25% 15% 19% 18% 7% 12% 12% N 10 years 10% 18% 14% 12% 9% 8% OO 000 6% 4% Totals 100% 100% 100% 100% Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery Elapsed time since...
MACRS Schedule Table: Book value and taxes on sale of assets Troy Industries purchased a new...
MACRS Schedule Table:
Book value and taxes on sale of assets Troy Industries purchased a new machine 3 year(s) ago for $76,000. It is being Assume 40% ordinary and capital gains tax depreciated under MACRS with a 5-year recovery period using the schedule rates. a. What is the book value of the machine? b. Calculate the firm's tax liability if it sold the machine for each of the following amounts: $91,200; $53,200; $22,040; and $15,400. a. The remaining book value...
10 years 10% Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes...
10 years 10% Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year Recovery year 3 years 5 years 7 years 33% 20% 14% 45% 32% 25% 15% 19% 18% 7% 12% 12% 12% 9% 9% 18% 14% co VOU AWN- 4% Totals 100% 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure...
Book value Find the book value for the asset shown in the accompanying table, assuming that...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery period (years) Elapsed time since purchase (years) Data Table Asset А Installed cost $994,000 The remaining book value is $ (Round to the nearest dollar.) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First...
Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery...
Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year Recovery year 3 years 5 years 7 years 33% 20% 14% 45% 32% 25% 15% 19% 12% 12% 5% 10 years 10% 18% 14% 7% OVOUWN 6% 11 4% Totals 100% 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the...
Book value Find the book value for the asset shown in the accompanying table, assuming that...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Elapsed time since purchase (years) Recovery period (years) Data Table Installed cost Asset $927,000 A 5 4 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) The remaining book value is (Round to the nearest dollar.) Rounded Depreciation Percentages by Recovery Year Using MACRS for...
Book value Find the book value for the asset shown in the accompanying table, assuming that...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery Elapsed time period since purchase Asset Installed cost (years) (years) А $935,000 5 The remaining book value is $(Round to the nearest dollar.) Enter your answer in De answer box and then click Check Answer All parts showing Clear All Check Answer - X Book value Find Data Table In Asset А The remaining book (Click on the...
Tables attached in photos This Quiz: 8 pts possi MACRS depreciation expense and accounting cash flow...
Tables attached in photos
This Quiz: 8 pts possi MACRS depreciation expense and accounting cash flow Pavkovich Instbruments, makor Inc, a maker of precision telescopes, expects to report pretax income of $422.000 this year The iming of a purchase of new computerized lens grinders. The grinders will have a given company's inancial manager is considering the and a cost recevery period of 5 years They will be depreclated unsing the MACRS schedule Coporate tax rates are a. I the Srm...
P4-1 Depreciation On March 20, 2012, Norton Systems acquired two new assets. Asset A was research...
P4-1 Depreciation On March 20, 2012, Norton Systems acquired two new assets. Asset A was research equipment costing $17,000 and having a 3-year recovery period. Asset B was duplicating equipment having an installed cost of $45,000 and a 5-vear recovery period. Using the MACRS depreciation percentages in Table 4.2 on page 117, prepare a depreciation schedule for each of these assets. P4-2 Depreciation In early 2012, Sosa Enterprises purchased a new machine for $10,000 to make cork stoppers for wine...
Initial investment Basic calculation Cushing Corporation is considering the purchase of a new grading machine to...
Initial investment Basic calculation Cushing Corporation is considering the purchase of a new grading machine to replace the existing one. The existing machine was purchased 2 years ago at an instaled cost of $19,400; it was being depreciated under MACRS using a 5-year recovery period. (See table for the applicable depreciation percentages.) The existing machine is expected to have a usable life of at least 5 more years. The new machine costs $34,100 and requires $4.500 in installation costs. it...
Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year* Recovery year 3 years 5 years 7 years 33% 20% 14% 45% 32% 25% 15% 19% 18% 7% 12% 12% N 10 years 10% 18% 14% 12% 9% 8% OO 000 6% 4% Totals 100% 100% 100% 100% Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery Elapsed time since...
MACRS Schedule Table:
Book value and taxes on sale of assets Troy Industries purchased a new machine 3 year(s) ago for $76,000. It is being Assume 40% ordinary and capital gains tax depreciated under MACRS with a 5-year recovery period using the schedule rates. a. What is the book value of the machine? b. Calculate the firm's tax liability if it sold the machine for each of the following amounts: $91,200; $53,200; $22,040; and $15,400. a. The remaining book value...
10 years 10% Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year Recovery year 3 years 5 years 7 years 33% 20% 14% 45% 32% 25% 15% 19% 18% 7% 12% 12% 12% 9% 9% 18% 14% co VOU AWN- 4% Totals 100% 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery period (years) Elapsed time since purchase (years) Data Table Asset А Installed cost $994,000 The remaining book value is $ (Round to the nearest dollar.) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First...
Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year Recovery year 3 years 5 years 7 years 33% 20% 14% 45% 32% 25% 15% 19% 12% 12% 5% 10 years 10% 18% 14% 7% OVOUWN 6% 11 4% Totals 100% 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Elapsed time since purchase (years) Recovery period (years) Data Table Installed cost Asset $927,000 A 5 4 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) The remaining book value is (Round to the nearest dollar.) Rounded Depreciation Percentages by Recovery Year Using MACRS for...
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery Elapsed time period since purchase Asset Installed cost (years) (years) А $935,000 5 The remaining book value is $(Round to the nearest dollar.) Enter your answer in De answer box and then click Check Answer All parts showing Clear All Check Answer - X Book value Find Data Table In Asset А The remaining book (Click on the...
Tables attached in photos
This Quiz: 8 pts possi MACRS depreciation expense and accounting cash flow Pavkovich Instbruments, makor Inc, a maker of precision telescopes, expects to report pretax income of $422.000 this year The iming of a purchase of new computerized lens grinders. The grinders will have a given company's inancial manager is considering the and a cost recevery period of 5 years They will be depreclated unsing the MACRS schedule Coporate tax rates are a. I the Srm...
P4-1 Depreciation On March 20, 2012, Norton Systems acquired two new assets. Asset A was research equipment costing $17,000 and having a 3-year recovery period. Asset B was duplicating equipment having an installed cost of $45,000 and a 5-vear recovery period. Using the MACRS depreciation percentages in Table 4.2 on page 117, prepare a depreciation schedule for each of these assets. P4-2 Depreciation In early 2012, Sosa Enterprises purchased a new machine for $10,000 to make cork stoppers for wine...
Initial investment Basic calculation Cushing Corporation is considering the purchase of a new grading machine to replace the existing one. The existing machine was purchased 2 years ago at an instaled cost of $19,400; it was being depreciated under MACRS using a 5-year recovery period. (See table for the applicable depreciation percentages.) The existing machine is expected to have a usable life of at least 5 more years. The new machine costs $34,100 and requires $4.500 in installation costs. it...
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