"Can't get enough of that wonderful Duff!" Duff Beer is a brand of beer that began as a fictional beverage on the television show The Simpsons. In 2016 Time magazine included Duff Beer in its list of the most influential fictional companies of all time. The beer is now commercially available and sold in a handful of locations. Use the information below to answer the following problems. a. b. c. d. e. f. g. h. Interest expense: $17,000 Cost of goods sold: $578,000 Selling and marketing expenses: $55,000 Administrative expenses: $22,000 Number of shares outstanding: 550,000 Interest income $60,000 Sales: $1,000,000 Dividends paid: $72,000 Calculating Depreciation Duff purchased $200,000 worth of bottling equipment last year. The equipment is expected to last for 8 years, but falls in the MACRS 5-year asset class for depreciation purposes. Calculate the MACRS depreciation expense for the equipment that should be recorded for each year. Use the MACRS table provided on page 69 in the text. If Duff Beer decides to use the straight-line depreciation method instead, what will their depreciation expense be each year? 1