A company purchases new cement manufacturing assets that cost $

$18$ million. This is classified in the $15-$year property class using MACRS$-$GDS$.$ What would be the book value at the end of year $1$ using MACRS with $50\%$ bonus depreciation?

Carry all interim calculations to $5$ decimal places and then round your final answer to $3$ decimal places. Please enter your answer in millions of dollars. The tolerance is $\backslash$pm $0\mathrm{.}010.$

$0\mathrm{.}25$ points

QUESTION $14$

A company purchases new cement manufacturing assets that cost $$18$ million. This is classified in the $15-$year property class using MACRS$-$GDS$.$ What would be the depreciation allowance at the end of year $3$ using MACRS with $50\%$ bonus depreciation?

Carry all interim calculations to $5$ decimal places and then round your final answer to $3$ decimal places. Please enter your answer in millions of dollars. The tolerance is $\backslash$pm $0\mathrm{.}010.$

$0\mathrm{.}25$ points

QUESTION $15$

A company purchases new cement manufacturing assets that cost $$18$ million. This is classified in the $15-$year property class using MACRS$-$GDS$.$ What would be the book value at the end of year $3$ using MACRS with $50\%$ bonus depreciation?

Carry all interim calculations to $5$ decimal places and then round your final answer to $3$ decimal places. Please enter your answer in millions of dollars. The tolerance is $\backslash$pm $0\mathrm{.}010.$

$0\mathrm{.}25$ points

QUESTION $16$

Production equipment used in the bottling of soft drinks $($MACRS$-$GDS$,10-$year property$)$ is purchased and installed for $$680,400.$ What is the depreciation deduction in the $4$th year under MACRS$-$GDS$?$