Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can someone explain these questions to me ? New equipment for manufacture of electronic components with a cost basis of $900,000 is being depreciated using

can someone explain these questions to me ?
image text in transcribed
image text in transcribed
New equipment for manufacture of electronic components with a cost basis of $900,000 is being depreciated using the MACRS-ADS. The asset will be sold in year 3. Click the icon to view the partial listing of depreciable assets used in business. Calculate the depreciation for the asset in year 1. O'A. $300,000 B. $90,000 *c. $75,000 XD. $150,000 E $180,000 What will be the book value of the asset at the time sale in year 3? O A. $450,000 B. $540,000 *C. $600,000 XD. $450,000 E. $525,000 In order to determine the after-tax EUAC of a factory equipment, the following analysis table was prepared. Based on the partial information on the table, calculate the ATCF for year 2 only. Year BTCF Depreciation ATCF Taxable Income 28% Tax 0 1 2 - $17,000 - $3,700 - $3,700 - $3,700 $5,950 $1,700 $3,060 $2,448 3 XA. - $ - 3,521 B. - $ -5,593 C. -$-4,867 D. - $ - 1,807

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Statistics For Data Scientists With R And Python

Authors: Alan Agresti

1st Edition

0367748452, 978-0367748456

More Books

Students also viewed these Finance questions