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A high-precision programmable router for shaping furniture components is purchased by Henredon for $205,000. It is expected to last 12 years. Calculate the depreciation deduction
A high-precision programmable router for shaping furniture components is purchased by Henredon for $205,000. It is expected to last 12 years. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances. a. What is the MACRS-GDS property class? b. Assume the complete allowable depreciation schedule is used. End of Year d+ B 0 $205,000 1 $ $ 2 $ $ 3 $ $ 4 $ $ 5 $ $ 6 $ $ 7 $ $ 8 $ $ 9 $ $ 10 $ $ 11 $ $ 12 $ $ c. Assume the asset is sold during the 5th year of use. End of Yeardt Bt 0 $205,000 1 $ $ 2 $ $ 3 $ $ 4 $ $ 5 $ $ A high-precision programmable router for shaping furniture components is purchased by Henredon for $205,000. It is expected to last 12 years. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances. a. What is the MACRS-GDS property class? b. Assume the complete allowable depreciation schedule is used. End of Year d+ B 0 $205,000 1 $ $ 2 $ $ 3 $ $ 4 $ $ 5 $ $ 6 $ $ 7 $ $ 8 $ $ 9 $ $ 10 $ $ 11 $ $ 12 $ $ c. Assume the asset is sold during the 5th year of use. End of Yeardt Bt 0 $205,000 1 $ $ 2 $ $ 3 $ $ 4 $ $ 5 $ $
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