1 0 Required information The preliminary cost for a 61,000 ft2 aircraft hangar must be estimated. Part2 of2 The budget limit came in at $3.9 million. Perform two analyses: determine the maximum allowed size to be within budget at the first estimated unit cost, and determine the maximum unit cost to stay within budget and maintain the original size. The maximum allowed size to be within budget at the first estimated unit cost is ft2. The maximum unit cost to stay within budget and maintain the original size is determined to be 35 per ft2. 11 Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis for an additional $100,000 to make the unit mobile. The unittruck system will be depreciated as one asset. The functional life is 8 years, and the salvage is estimated to be 7% of the purchase price of the imaging unit regardless of the number of years of service. Use classical Straight Line depreciation to determine the salvage value, annual depreciation, and book value after 5 years of service. The salvage value is determined to be $ . The annual depreciation is determined to be $ The book value after 5 years of service is determined to be $ 12 A videorecording system was purchased 4 years ago at a cost of $38,000. A 5year recovery period and DDB (Double Declining Balance) depreciation have been used to write off the basis. The system is to be replaced this year with a tradein value of $5,500. What is the difference between the book value and the tradein value? The difference between the book value and the tradein value is $ 13 Equipment associated with manufacturing small railcars had a first cost of $220,000 with an expected salvage value of $30,000 at the end of its 5year life. The revenue was $648,000 in year 2, with operating expenses of $98,000. If the company's effective tax rate was 31%, what would be the difference in taxes paid in year 2 if the depreciation method were straight line instead of Modified Accelerated Cost Recovery System (MACRS)? The MACRS depreciation rate for year 2 is 32%. The difference in taxes paid is determined to be $ 14 A couple of years ago, the company Health4All purchased land, a building, and two depreciable assets from another corporation. All of these have recently been disposed. Use the information shown to determine the presence and amount of any capital gain, capital loss, or depreciation recapture. Purchase Recove Period, Current Book . Asset Price, $ chrs Value, $ Sales Price, $ Land 220,000 - - 285,000 Building 800,000 27.5 340,000 255,000 Asset 1 50,500 3 15,500 21,500 Asset 2 10,000 3 5,000 15,000 The capital gain (CG) amount for land is determined to be $ The capital loss (CL) amount for building is determined to be $ The depreciation recapture (DR) amount for asset1 is determined to be $ . The depreciation recapture (DR) amount for asset 2 is determined to be $ The capital gain (CG) amount for asset 2 is determined to be $