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A municipal wastewater treatment plant is adding new equipment for aeration and mixing that has a first cost of $1,800,000. It will be depreciated using
A municipal wastewater treatment plant is adding new equipment for aeration and mixing that has a first cost of $1,800,000. It will be depreciated using MACRS-GDS. Which MACRS-GDS Property Class is appropriate for this equipment? Click here to access the MACRS-GDS Property Classes. Click here to access the MACRS-GDS percentages page. Click here to access the MACRS-GDS percentages for 27.5-year residential rental property. Determine the depreciation for the first and last years in which deprecation will take place, as well as years 5,10 , and 15 . For each year in which depreciation is calculated, also calculate the end-of-year book value. Click here to access the MACRS-GDS Property Classes. Click here to access the MACRS-GDS percentages page. Click here to access the MACRS-GDS percentages for 27.5-year residential rental property. Carry all interim calculations to 5 decimal places and then round your final answers to a whole number. Be sure to enter the number of last year in which depreciation will take place. The tolerance for depreciation amounts is \pm 100 and the tolerance for book value amounts is 2,000. If the manufacturer actually intends the equipment to have a useful life of 23 years, how will that change the answer to part b above? eTextbook and Media Hint If there is a salvage value of $50,000 anticipated, how will that change the answers to part b above? eTextbook and Media Hint Is the equipment tangible or intangible? eTextbook and Media Is the equipment personal property or real property? eTextbook and Media Hint Is it better to say the equipment is being depreciated or amortized over time? eTextbook and Media
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