Answered step by step
Verified Expert Solution
Question
1 Approved Answer
20. You purchased an aircraft for your business in January. The plane cost $250,000 and, for straight-line purposes only , you estimate that it will
20. You purchased an aircraft for your business in January. The plane cost $250,000 and, for straight-line purposes only, you estimate that it will have a $50,000 salvage value at the end of its 5-year useful life. Compute depreciation schedules using straight-line, double declining balance (DDB or 200DB) and MACRS methods and using your schedules, answer the following. PLEASE use the formats attached in file for correct formatting.
- Using the straight-line method, what is the accumulated depreciation at the end of year 2?__________
- Using the straight-line method, what is the remaining book value at the end of year 4?__________
- Using the straight-line method, what is the annual depreciation in year 5?__________
- Using the DDB method, what is the depreciation expense in year 2?__________
- Using the DDB method, what is the accumulated depreciation at the end of year 3?__________
- Using the DDB method, what is the remaining book value at the end of year 5?__________
- Using the DDB method, what is the depreciation rate in year 4?__________
- Using the MACRS method, what is the depreciation expense in year 5?__________
- Using the MACRS method, what is the accumulated depreciation at the end of year 4?__________
- Using the MACRS method, the is the remaining book value at the end of year 3?__________
Thanks :)
APPENDIX C: COMPOUND INTEREST TABLES 615 15% Compound Interest Factors 15% Present Worth Factor Finde Givena P/A 0.870 1626 24283 2.855 3352 Sinking Fund Factor Find A Given A/F 1.0000 .4651 2880 2003 1483 Given G PZG 1142 .0904 0729 .0596 0493 3.784 41160 4.487 4.772 5.019 5.234 5.421 5.583 5.724 5847 2.781 Arithmetic Gradient Gradient Gradient Uniform Present Series Worth Find A Find P Given G A/G 0 0 0.465 0.756 0.907 12.071 11326 3.786 1723 5.775 21097 7937 21450 10.192 12.481 31092 31383 3.655 19.12 3 908 210185 41144 28.135 41362 29 11565 BA 052 28298 025 DO1783 5108 511156 SIRI 2012 S.B65 5015N2 10411 .0345 0291 0247 0210 1 15 0179 16 17 0154 Single Payment Compound Present Amount Worth Factor Factor Find F Finde Given P Given F/P P/E 1 1150 8696 2 1.322 7561 3 1.521 .6575 4 1.749 5718 S 2011 4972 6 2.313 4323 7 2,660 3759 8 3.059 3269 3.518 2843 4.046 2472 4.652 2149 5.350 1869 6.153 1625 7.076 1413 8.137 1229 9.358 .1069 10.761 0929 12.375 0808 14.232 .0703 16.367 0611 18.822 0531 21645 0462 24.891 28.625 .0349 32.919 .0304 37.857 0264 43.535 0230 28 50.066 0200 29 57.575 0174 30 66.212 0151 31 76.144 0131 32 87.565 0114 33 100.700 .00993 34 115.805 .00864 35 133.176 .00751 40 267.864 00373 45 538.769 00186 50 1 083.7 .00092 55 2179.6 .00046 60 4384.0 00023 65 8817.8 00011 70 17735.7 75 35 672.9 .00003 SO 71 750.9 .00001 85 1444316.7 00001 755555 = = Uniform Payment Series Capital Compound Recovery Amount Factor Factor Find A Find Given P Given A A AP FIA 1.1500 1.000 6151 2.150 4380 3.472 3503 4.993 2983 6.742 2642 8.754 .2404 11.067 2229 13.727 2096 16.786 1993 20.304 1911 24349 1845 29,002 1791 34.352 1747 10.505 1710 47.580 1679 55.717 1654 65.075 1632 75.836 1615 88 212 1598 102.4414 1584 118.810 137.632 1563 59 276 1554 184.168 21547 212.793 .1541 245.712 1535 2831569 1531 327.104 .1527 377.170 1523 43.4.745 1520 500.957 1517 577.100 1515 66-4.666 1513 765,365 1511 881.170 1506 1503 3585.1 1501 7217.7 1501 14 524.1 1500 29 220.0 1500 58778.6 1500 118231.5 1500 237 812.5 1500 478 332.6 1500 962.104.4 5,954 6.040 6.1.28 6,198 6259) 20 638 1573 805 BS1015 BOR109 Kiz 39B1 12:59 620 6434 64464 0402 6.491 015114 BRO 6.534 6.551 6.566 20132 0113 00976 00842 00727 00628 00543 .00470 .00407 .00353 200306 .00265 00230 .00200 .00173 -00150 .00131 .00113 00056 00028 00014 00007 00003 00002 00001 H88 60 014 51708 51883 5901 6/12 6096 6 161207 6254 6.297 6.336 6.371 6. 102 81002 BOURSO SON28 COL:15 0753 6.579 6,591 GO 6.609 6.617 147 11501 18 42.103 12359 32 33 34 35 1779.1 6,517 6.642 6.654 6.661 6.664 6.665 6.666 6.666 6.666 6,583 6.620 6.641 6.653 40 45 50 55 60 46.283 43.805 44,096 44.256 44.343 44.300 44.416 44.429 44.436 44.410 00006 6.659 6.663 6.665 6,666 6.666 65 70 75 SO 85 6.667 6.667Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started