How fo you calculate MARCS mid-quarter depreciation for a 500 000 asset put into service in...
How fo you calculate MARCS mid-quarter depreciation for a 500 000 asset put into service in November. Im confused how you would apply the staight line method with mid quarter
Homework Answers
Straight line method with mid quarter -
Value of Asset is 500,000
For example - Useful life - 5 years
Service in date - November
Salvage value zero
So, yearly depreciation is 5,00,000/5 = 100,000 = 20%
Being its mid quarter November rate of depreciation is 20/12*1.5 = 2.5%
in other words Per quarter its 20/4 = 5% and its mid quarter So, 5/2 = 2.5 %
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How fo you calculate MARCS mid-quarter depreciation for a 500 000 asset put into service in...
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PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE
THANK YOU!
For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight-line and DDB for double-declining-balance. (Do not round Intermediate calculations. Round your final answers to nearest whole dollar.) Asset Cost Residual Value $ 22,000 44,000 69.000 234,000 202.000 Service Life Depreciation Depreciation (Years) Method (Year 2) DDB $ 27,000 SL4,700 SL 6,000 10 22.200 8 DDBL 9.000 12.000 22.000
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PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE
THANK YOU!
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