Depreciation Sosa Enterprises purchased a new machine for $11,100 to make cork stoppers for wine bottles. The machine has a 3-year recovery period and is expected to have a salvage value of $2,080. For tax purposes, the company can either use the MACRS schedule in the table to calculate depreciation expenses, or it can write off the asset's entire cost this year taking advantage of the tax code's 100% bonus depreciation provision. Comment on how each method influences Sosa's reported earnings, this year and for the next 3 years. Also comment on how each method affects cash flows over the same horizon. Which method do you think Sosa should choose and why? (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Using the bonus depreciation method, complete the depreciation schedule for the asset below: (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Depreciation Sosa Enterprises purchased a new machine for $11,100 to make cork stoppers machine has a 3-year recovery period and is expected to have a salvage value of $2,080. For t company can either use the MACRS schedule in the table to calculate depreciation expen: asset's entire cost this year taking advantage of the tax code's 100% bonus depreciation provisi each method influences Sosa's reported earnings, this year and for the next 3 years. Also comm method affects cash flows over the same horizon. Which method do you think Sosa should choo (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Which method do you think Sosa should choose and why? (Select the best choice below.) A. Sosa should choose bonus depreciation because it accelerates the depreciation deductions and hence the tax savings associated with those deductions. B. Sosa should choose MACRS depreciation because it diminishes the depreciation deductions and hence accelerates the tax savings associated with those deductions. C. Sosa should choose MACRS depreciation because it accelerates the depreciation deductions and hence the tax savings associated with those deductions. D. Sosa should choose bonus depreciation because it diminishes the depreciation deductions and hence accelerates the tax savings associated with those deductions. Depreciation Sosa Enterprises purchased a new machine for $11,100 to make cork stoppers for wine bottles. The machine has a 3-year recovery period and is expected to have a salvage value of $2,080. For tax purposes, the company can either use the MACRS schedule in the table to calculate depreciation expenses, or it can write off the asset's entire cost this year taking advantage of the tax code's 100% bonus depreciation provision. Comment on how each method influences Sosa's reported earnings, this year and for the next 3 years. Also comment on how each method affects cash flows over the same horizon. Which method do you think Sosa should choose and why? (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Using the bonus depreciation method, complete the depreciation schedule for the asset below: (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Depreciation Sosa Enterprises purchased a new machine for $11,100 to make cork stoppers machine has a 3-year recovery period and is expected to have a salvage value of $2,080. For t company can either use the MACRS schedule in the table to calculate depreciation expen: asset's entire cost this year taking advantage of the tax code's 100% bonus depreciation provisi each method influences Sosa's reported earnings, this year and for the next 3 years. Also comm method affects cash flows over the same horizon. Which method do you think Sosa should choo (Round the percentage to the nearest integer and the depreciation to the nearest dollar.) Which method do you think Sosa should choose and why? (Select the best choice below.) A. Sosa should choose bonus depreciation because it accelerates the depreciation deductions and hence the tax savings associated with those deductions. B. Sosa should choose MACRS depreciation because it diminishes the depreciation deductions and hence accelerates the tax savings associated with those deductions. C. Sosa should choose MACRS depreciation because it accelerates the depreciation deductions and hence the tax savings associated with those deductions. D. Sosa should choose bonus depreciation because it diminishes the depreciation deductions and hence accelerates the tax savings associated with those deductions