Question
early 2019, Sosa Enterprises purchased a new machine for $11,400 to make cork stoppers for wine bottles. The machine has a 3-year recovery period and
early
2019,
Sosa Enterprises purchased a new machine for
$11,400
to make cork stoppers for wine bottles. The machine has a 3-year recovery period and is expected to have a salvage value of
$1,850.
Develop a depreciation schedule for this asset using the MACRS depreciation percentages in the table
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Part 1
Complete the depreciation schedule for the asset below:
(Round the percentage to the nearest integer and the depreciation to the nearest dollar.)
Depreciation Schedule | |||
Year | Cost (1) | Percentage (2) | Depreciation (1)(2) |
1 | $11,400 | enter your response here% | $enter your response here |
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