A company invested in a CNC Mill $600,000. The installation costs incurred were $250,000. The CNC mill has a MACRS-GDS 5-year property class. The BT&LCF is $150,000 per year, and the companys tax rate is 25%.

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A B D E F G K L 1 A company invested in a CNC Mill $600,000. The installation costs incurred were $250,000. The CNC mill has a MACRS-GDS 5-year property class. The BT&LCF is $150,000 per year, and the company's tax rate is 25%. 2 3 4 5 6 1. (10 points) The company used the allowable Section 179 deduction during the first year. The company has decided to sell the asset during year 6, what is the depreciation allowance for year 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2. (10 points) The company obtained a loan at 10% to be paid in 4 equal principal payments. Fill the following ATCF table for year 1, including Section 179. 25 EOY BT&CF PPMT IPMT DWO Section 179 BV 1 26 27 28 29 30 31 32 33 34 35 36 (15 points) Assume that the company did use section 179, did use the credit as stated in problem 2, and sold the asset during year 5 for $300,000. What is the taxable income for year 5? The table is given only to facilitate calculation. Fill only the necessary information to calculate TI EOY BT&CF Salvage PPMT IPMT DWO Section 17 TI BV 37 38 5 39 40 A B D E F G K L 1 A company invested in a CNC Mill $600,000. The installation costs incurred were $250,000. The CNC mill has a MACRS-GDS 5-year property class. The BT&LCF is $150,000 per year, and the company's tax rate is 25%. 2 3 4 5 6 1. (10 points) The company used the allowable Section 179 deduction during the first year. The company has decided to sell the asset during year 6, what is the depreciation allowance for year 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2. (10 points) The company obtained a loan at 10% to be paid in 4 equal principal payments. Fill the following ATCF table for year 1, including Section 179. 25 EOY BT&CF PPMT IPMT DWO Section 179 BV 1 26 27 28 29 30 31 32 33 34 35 36 (15 points) Assume that the company did use section 179, did use the credit as stated in problem 2, and sold the asset during year 5 for $300,000. What is the taxable income for year 5? The table is given only to facilitate calculation. Fill only the necessary information to calculate TI EOY BT&CF Salvage PPMT IPMT DWO Section 17 TI BV 37 38 5 39 40