Brock Florist Company buys a new delivery truck for $29,000. It is classified as a light-duty truck.
Question:
Brock Florist Company buys a new delivery truck for $29,000. It is classified as a light-duty truck.
a. Calculate the depreciation schedule using a five-year life, straight-line depreciation, and the half-year convention for the first and last years.
b. Calculate the depreciation schedule using a five year life and MACRS depreciation.
c. Compare the depreciation schedules from parts (a) and (b) before and after taxes with a 30% tax rate. What do you notice about the difference between these two methods?
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a Annual depreciation is cost of truck divided by five 29000 5 5800 And for the first and last ...View the full answer
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