1)

A lumber company purchases and installs a wood chipper for $86255. The chipper is classified as a MACRS 7-year property. Its useful life is 10 years. The estimated salvage value at the end of 10 years is $17021. Using straight-line depreciation, the fifth year depreciation is: Enter your answer as 12345

Round your answer. Do not use a dollar sign ("$"), any commas (",") or a decimal point (".").

2)

A company purchases a machine for $278854. The machine is classified as a MACRS 3-year property. Its useful life is 5 years. The estimated salvage value at the end of 5 years is $69014. Using MACRS depreciation, compute the first-year depreciation.

Enter your answer as 12345.

Round your answer. Do not use a dollar sign ("$"), any commas (","), or a decimal point (".").

3)

A company uses straight-line depreciation. If a machine has a first cost of $42861, a salvage value of $4148, and a useful life of 9 years, what is the book value of the machine at the end of year 4?

Enter your answer as 12345

Round your answer. Do not use a dollar sign ("$"), any commas (","), or a decimal point (".").

4)

McCloskley Enterprises buys a machine classified as a MACRS 15-year property for $263321. It has a salvage value of $35663. What is the book value of the machine at the end of year 6?

Enter your answer as 12345

Round your answer. Do not use a dollar sign ("$"), any commas (","), or a decimal point (".").