5 MRT, a calendar year corporation, placed the following assets in service this year Use Toble 7 2 and Appendix 7 A Recovery Period 06 points Mufacturing equipment Furniture and fixtures Transportation equipment office equipment Initial Cost $259,000 56,000 225 000 120,000 7 years 7 years 5 yes Dere Placed in Service kpril 23 May 2 September 3 December 1 eBook a Compute MRT's MACRS depreciation with respect to the assets placed in service this year Assume MRT does not elect to use first year bonus depreciation or Section 179 b In December, MRT decided to purchase $285,000 of additional equipment The corporation could buy the equipment and place it in service before year end, or it could postpone the purchase until January What effect does this decision have on MRT'S depreciation with respect to the assets already in service Print References Complete this question by entering your answers in the tabs below Required A Required B In December, MRT decided to purchase $285,000 of additional equipment The corporation could buy the equipment and place it in service before year end, or it could postpone the purchase until January What effect does this decision have on MRT's depreciation with respect to the assets already in service (Round your intermediate computations and final answers to the nearest dollar amount Round your percentage answers to 4 decimal places ( e 12 34 should be entered as 0 1234) ) Show less 5 year property placed in service in 3rd quarter Year 1 recovery percentage 7 year property placed in service in 2nd quarter Year 1 recovery percentage 7 year property placed in service in 4th quarter Year 1 recovery percentage TABLE 7 2 3 Ylar Year 1 33 33 2 44 45 3 14 81 MACRS for Business Personalty (Half Year Convention) Recovery Period 5 Year 7 Year 10 Year 15 Year 20 Year Depreciation Rate 20 00 14 29 10 00 5 00 3 750 32 00 24 49 18 00 9 50 7 219 19 20 17 49 14 40 8 55 6 677 11 52 12 49 11 52 7 70 6 177 11 52 8 93 9 22 6 93 5 713 5 76 8 92 7 37 6 23 5 285 8 93 6,55 5 90 4 888 4 46 6 55 5 90 4 522 6 56 5 91 4 462 6 55 5 90 4 461 3 28 5 91 4 462 4 7 41 5 6 7 8 9 10 11 12 5 90 4 461 13 5 91 4 462 14 5 90 4 461 15 5 91 4 462 16 2 95 4 461 17 4 462 18 4 461 19 4 462 20 4 461 21 2 231 1 accounting jones 23e appendixa jpg Appendix 7 A Midquarter Convention Tables Midquarter Convention for Business Personalty Placed in Service in First Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 58 33 35 00 25 00 1750 8 75 6 563 2 27 78 26 00 21 43 16 50 913 7 000 3 12 35 15 60 15 31 13 20 8 21 6 482 4 1 54 11 01 10 93 10 56 7 39 5 996 5 11 01 8 75 8 45 6 65 5 546 6 1 38 8 74 6 76 5 99 5 130 7 8 75 6 55 5 90 4 746 8 1 09 6 55 5 91 4 459 9 6 56 5 90 4 459 10 6 55 5 91 4 459 11 0 82 5 90 4 459 12 5 91 4 460 13 5 90 4 459 14 5 91 4 460 15 5 90 4 459 16 0 74 4 460 17 4 459 18 4 460 19 4 459 20 4 460 21 0 557 Midquarter Convention for Business Personalty placed in Service in Second Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 1 25 0096 6 25 4167 38 89 17 85 23 47 12 50 17 50 4 688 7148 2 30 00 9 38 3 14 14 18 00 16 76 14 0 844 6 612 unting Jones 23e appendixa jpg 18 19 20 21 4 460 4 459 4460 0 557 1 Midquarter Convention for Business Personalty Placed in Service in Second Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 41 67 25 00 17 85 12 50 6 25 4 688 2 38 89 30 00 23 47 17 50 9 38 7 148 3 14 14 18 00 16 76 14 00 8 44 6 612 4 5 30 11 37 11 97 11 20 7 59 6 116 5 11 37 8 87 8 96 6 83 5 658 6 4 26 8 87 7 17 6 15 5 233 7 8 87 6 55 5 91 4 841 8 3 33 6 55 5 90 4 478 9 6 56 5 91 4 463 10 6 55 5 90 4 463 11 2 46 5 91 4 463 12 5 90 4 463 13 5 91 4 463 14 5 90 4 463 15 5 91 4 462 16 2 21 4 463 17 4 462 18 4 463 19 4 462 20 4463 21 1 673 Midquarter Convention for Business Personalty placed in Service in Third Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 25 00 15 00 10 71 7 50 3 75 2 8139 2 50 00 34 00 25 51 18 50 9 63 7 289 ccounting jones 23e appendix a jpg 17 18 19 20 21 4 462 4 463 4 462 4 463 1673 Midquarter Convention for Business Personalty Placed in Service in Third Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 25 00 15 00 10 71 7 50 3 75 2 813 2 50 00 34 00 25 51 18 50 9 63 7 289 3 16 67 20 40 18 22 14 80 8 66 6 742 4 8 33 12 24 13 02 11 84 7 80 6 237 5 11 30 9 30 9 47 7 02 5 769 6 7 06 8 85 7 58 6 31 5 336 7 8 86 6 55 5 90 4 936 8 5 53 6 55 5 90 4 566 9 6 56 5 91 4 460 10 6 55 5 90 4 460 11 4 10 5 91 4 460 12 5 90 4 460 13 5 91 4 461 14 5 90 4 460 4 461 15 16 17 5 91 3 69 18 19 4 460 4 461 4 460 4 461 4 460 2 788 20 21 Midquarter Convention for Business Personalty Placed in Service in Fourth Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 8 33 5 00 3 57 2 50 1 25 0 938 2 61 11 38 00 27 55 19 50 9 88 7 430 2027 222 106R 1560 RA 6 972 15 5 91 3 69 16 4 461 4 460 4 461 4 460 17 18 19 4 461 20 4 460 2 788 21 Midquarter Convention for Business Personalty placed in Service in Fourth Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 8 33 5 00 3 57 2 50 1 25 0 938 2 61 11 38 00 27 55 19 50 9 88 7 430 3 20 37 22 80 19 68 15 60 8 89 6 872 4 10 19 13 68 14 06 12 48 8 00 6 357 5 10 94 10 04 9 98 7 20 5 880 6 9 58 8 73 7 99 6 48 5 439 7 8 73 6 55 5 90 5 031 8 764 6 55 5 90 4 654 9 6 56 5 90 4 458 10 6 55 5 91 4 458 11 5 74 5 90 4 458 12 5 91 4 458 13 5 90 4 458 14 5 91 4 458 15 5 90 4 458 16 5 17 4 458 17 4 458 18 4 459 19 4 458 20 4 459 21 3 901

Question

5 MRT, a calendar year corporation, placed the following assets in service this year  Use Toble 7 2 and Appendix 7 A Recovery Period 06 points Mufacturing equipment Furniture and fixtures Transportation equipment office equipment Initial Cost $259,000 56,000 225 000 120,000 7 years 7 years 5 yes Dere Placed in Service kpril 23 May 2 September 3 December 1 eBook a  Compute MRT's MACRS depreciation with respect to the assets placed in service this year  Assume MRT does not elect to use first year bonus depreciation or Section 179 b  In December, MRT decided to purchase $285,000 of additional equipment  The corporation could buy the equipment and place it in service before year end, or it could postpone the purchase until January  What effect does this decision have on MRT'S depreciation with respect to the assets already in service  Print References Complete this question by entering your answers in the tabs below  Required A Required B In December, MRT decided to purchase $285,000 of additional equipment  The corporation could buy the equipment and place it in service before year end, or it could postpone the purchase until January  What effect does this decision have on MRT's depreciation with respect to the assets already in service  (Round your intermediate computations and final answers to the nearest dollar amount  Round your percentage  answers to 4 decimal places ( e  12 34 should be entered as 0 1234) ) Show less 5 year property placed in service in 3rd quarter Year 1 recovery percentage 7 year property placed in service in 2nd quarter Year 1 recovery percentage 7 year property placed in service in 4th quarter Year 1 recovery percentage TABLE 7 2 3 Ylar Year 1 33 33  2 44 45 3 14 81 MACRS for Business Personalty (Half Year Convention) Recovery Period 5 Year 7 Year 10 Year 15 Year 20 Year Depreciation Rate 20 00  14 29  10 00  5 00  3 750  32 00 24 49 18 00 9 50 7 219 19 20 17 49 14 40 8 55 6 677 11 52 12 49 11 52 7 70 6 177 11 52 8 93 9 22 6 93 5 713 5 76 8 92 7 37 6 23 5 285 8 93 6,55 5 90 4 888 4 46 6 55 5 90 4 522 6 56 5 91 4 462 6 55 5 90 4 461 3 28 5 91 4 462 4 7 41 5 6 7 8 9 10 11 12 5 90 4 461 13 5 91 4 462 14 5 90 4 461 15 5 91 4 462 16 2 95 4 461 17 4 462 18 4 461 19 4 462 20 4 461 21 2 231 1 accounting jones 23e appendixa jpg Appendix 7 A Midquarter Convention Tables Midquarter Convention for Business Personalty Placed in Service in First Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 58 33  35 00  25 00  1750  8 75  6 563  2 27 78 26 00 21 43 16 50 913 7 000 3 12 35 15 60 15 31 13 20 8 21 6 482 4 1 54 11 01 10 93 10 56 7 39 5 996 5 11 01 8 75 8 45 6 65 5 546 6 1 38 8 74 6 76 5 99 5 130 7 8 75 6 55 5 90 4 746 8 1 09 6 55 5 91 4 459 9 6 56 5 90 4 459 10 6 55 5 91 4 459 11 0 82 5 90 4 459 12 5 91 4 460 13 5 90 4 459 14 5 91 4 460 15 5 90 4 459 16 0 74 4 460 17 4 459 18 4 460 19 4 459 20 4 460 21 0 557 Midquarter Convention for Business Personalty placed in Service in Second Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 1 25 0096 6 25  4167 38 89 17 85  23 47 12 50  17 50 4 688  7148 2 30 00 9 38 3 14 14 18 00 16 76 14 0 844 6 612 unting Jones 23e appendixa jpg 18 19 20 21 4 460 4 459 4460 0 557 1 Midquarter Convention for Business Personalty Placed in Service in Second Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 41 67  25 00  17 85  12 50  6 25  4 688  2 38 89 30 00 23 47 17 50 9 38 7 148 3 14 14 18 00 16 76 14 00 8 44 6 612 4 5 30 11 37 11 97 11 20 7 59 6 116 5 11 37 8 87 8 96 6 83 5 658 6 4 26 8 87 7 17 6 15 5 233 7 8 87 6 55 5 91 4 841 8 3 33 6 55 5 90 4 478 9 6 56 5 91 4 463 10 6 55 5 90 4 463 11 2 46 5 91 4 463 12 5 90 4 463 13 5 91 4 463 14 5 90 4 463 15 5 91 4 462 16 2 21 4 463 17 4 462 18 4 463 19 4 462 20 4463 21 1 673 Midquarter Convention for Business Personalty placed in Service in Third Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 25 00  15 00  10 71  7 50  3 75  2 8139 2 50 00 34 00 25 51 18 50 9 63 7 289 ccounting jones 23e appendix a jpg 17 18 19 20 21 4 462 4 463 4 462 4 463 1673 Midquarter Convention for Business Personalty Placed in Service in Third Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 25 00  15 00  10 71  7 50  3 75  2 813  2 50 00 34 00 25 51 18 50 9 63 7 289 3 16 67 20 40 18 22 14 80 8 66 6 742 4 8 33 12 24 13 02 11 84 7 80 6 237 5 11 30 9 30 9 47 7 02 5 769 6 7 06 8 85 7 58 6 31 5 336 7 8 86 6 55 5 90 4 936 8 5 53 6 55 5 90 4 566 9 6 56 5 91 4 460 10 6 55 5 90 4 460 11 4 10 5 91 4 460 12 5 90 4 460 13 5 91 4 461 14 5 90 4 460 4 461 15 16 17 5 91 3 69 18 19 4 460 4 461 4 460 4 461 4 460 2 788 20 21 Midquarter Convention for Business Personalty Placed in Service in Fourth Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 8 33  5 00  3 57  2 50  1 25  0 938  2 61 11 38 00 27 55 19 50 9 88 7 430 2027 222 106R 1560 RA 6 972 15 5 91 3 69 16 4 461 4 460 4 461 4 460 17 18 19 4 461 20 4 460 2 788 21 Midquarter Convention for Business Personalty placed in Service in Fourth Quarter Depreciation Rate for Recovery Period Year 3 Year 5 Year 7 Year 10 Year 15 Year 20 Year 8 33  5 00  3 57  2 50  1 25  0 938  2 61 11 38 00 27 55 19 50 9 88 7 430 3 20 37 22 80 19 68 15 60 8 89 6 872 4 10 19 13 68 14 06 12 48 8 00 6 357 5 10 94 10 04 9 98 7 20 5 880 6 9 58 8 73 7 99 6 48 5 439 7 8 73 6 55 5 90 5 031 8 764 6 55 5 90 4 654 9 6 56 5 90 4 458 10 6 55 5 91 4 458 11 5 74 5 90 4 458 12 5 91 4 458 13 5 90 4 458 14 5 91 4 458 15 5 90 4 458 16 5 17 4 458 17 4 458 18 4 459 19 4 458 20 4 459 21 3 901

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5 MRT, a calendar year corporation, placed the following assets in service this year. Use Toble 7.2 and Appendix 7.A Recovery Period 06 points Mufacturing

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