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Brock Florist Company buys a new delivery truck for $34,000. It is classified as a light-duty truck. the tax rate is 0.2 a. Calculate the
Brock Florist Company buys a new delivery truck for $34,000. It is classified as a light-duty truck. the tax rate is 0.2 a. Calculate the depreciation schedule using a five-year life and MACRS depreciation. b. Calculate the remaining book value at the end of year 4 and the termination value (aka. cost recovery or after tax salvage value) for the delivery truck if the truck can be sold at the end of year 4 for$4,000. a. Calculate the depreciation schedule using a five-year life and MACRS depreciation. (Round to the nearest dollar.) Annual Depreciation Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 b. Calculate the remaining book value at the end of year 4 and the termination value (aka. cost recovery or after tax salvage value) at the end of year 4 for the delivery truck. Remaining book value at the end of year 4 is $5,875(Round to the nearest dollar.) The termination value (cost recovery or after tax salvage value) at the endo of year 4 is $4,375 (Round to the nearest dollar.)
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