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Engineering Economy! Need number 5 solved please Your company purchased a $21,000 asset that has a depreciable life of 10 years. At the end of

Engineering Economy! Need number 5 solved please image text in transcribed
Your company purchased a $21,000 asset that has a depreciable life of 10 years. At the end of 10 years, the asset will be sold for a salvage value of $2255. Provide the book value and depreciation at the end of each year using the following depreciation methods: 1. 1. Straight-line depreciation method 2. Sum of the years' digits method Double declining balance method 3. 2. Develop 5-year MACRS % rates. Clearly show i) the double declining method and straight-line 3. Your company purchased an asset that costs $235,000, and had an expected salvage value of $25,000. The 4. Your company purchased a 5-year asset for $100,000. At year 3, when its book value was $28,800; the calculations for each year, ii) indicate the period for converting from double declining balance to straight line, and iii) the resulting MACRS % rates for each year. asset has a 15-year depreciation life, and it is kept for 15 years and then sold for $25,000. Use the SL, SYD methods to the book value and depreciation at the end of each year. company sold the asset for $30,000. What is the capital gain, depreciation recapture and loss? Assume the same 5-year asset was bought again. After 9 years, it was sold for $5,500. What is the capital gain, depreciation recapture and loss? 5

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