CE3332-FUNDAMENTALS OF CONSTRUCTION ENGINEERING Fall 2018 Assignment # 7, CLEARLY and NEATLY SHOW ALL WORK! Use Engineering paper for this and all Assignments Staple! Due Date: Friday, October12-2018 the start of Class. 1. An asset is purchased and the anticipated service life is 7 years. The asset is in the7 year class. There is no salvage value. Show all work. Clearly present your work and results. a. As a % of initial cost,what is the yearly depreciation and book value for each year if the straight line method of depreciation is used? As a % of initial cost what is the yearly depreciation and book value for each year if the 150% declining balance method of depreciation is used? b. Asa%ofinitial cost what is the yearly depreciation and book value for each year if the 200% declining balance method of depreciation is used? c. d. As a % of initial cost what is the maximum tax deduction for the asset each year? 2. Calculate the percentages shown on the handout, Table 6.2 MACRS Table for Accelerated Depreciation, for the 7 year class of asset. It is available on Canvas if you misplaced it. Show all work. Clearly Initial Cost is 100%. This applies to all parts of this Assignment. CE3332-FUNDAMENTALS OF CONSTRUCTION ENGINEERING Fall 2018 Assignment # 7, CLEARLY and NEATLY SHOW ALL WORK! Use Engineering paper for this and all Assignments Staple! Due Date: Friday, October12-2018 the start of Class. 1. An asset is purchased and the anticipated service life is 7 years. The asset is in the7 year class. There is no salvage value. Show all work. Clearly present your work and results. a. As a % of initial cost,what is the yearly depreciation and book value for each year if the straight line method of depreciation is used? As a % of initial cost what is the yearly depreciation and book value for each year if the 150% declining balance method of depreciation is used? b. Asa%ofinitial cost what is the yearly depreciation and book value for each year if the 200% declining balance method of depreciation is used? c. d. As a % of initial cost what is the maximum tax deduction for the asset each year? 2. Calculate the percentages shown on the handout, Table 6.2 MACRS Table for Accelerated Depreciation, for the 7 year class of asset. It is available on Canvas if you misplaced it. Show all work. Clearly Initial Cost is 100%. This applies to all parts of this Assignment