Exercise 17-20 Physical-Units Method; Joint Cost Allocation (LO 17-4) Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows: Quantity at Sales Price Joint Cost Cereal Split-Off Point per Kilogram $37 , 000 Yummies 25, 200 kilograms $3.70 Crummies 10, 800 kilograms 4.20 Required: Use the physical-units method to allocate the company's joint production cost between Yummies and Crummies. (Do not round intermediate calculations.) Allocation of Joint Cost Yummies CrummiesExercise 16-33 Depreciation Tax Shield (Section 2) (L0 16-4, 16-5) Sharpe Machining Company purchased industrial tools costing $70,000, which fall in the 3-year property class under MACRS. Use Appendix A and Exhibit 16-9 for your reference. (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare a schedule of depreciation deductions assuming: a. The firm uses the accelerated depreciation schedule specified by MACRS. b. The firm uses the optional straight-line depreciation method and the half-year convention. 2. Calculate the present value of the depreciation tax shield under each depreciation method listed in requirement 1. Sharpe Machining Company's after-tax hurdle rate is 10 percent, and the 'firm's tax rate is 30 percent. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 The firm uses the accelerated depreciation schedule specified by MACRS. (Round your final answers to the nearest dollar amount.) thA Req 13 > Exercise 16-33 Depreciation Tax Shield (Section 2) (L0 16-4, 16-5) Sharpe Machining Company purchased industrial tools costing $70,000, which fall in the 3-year property class under MACRS. Use Appendix A and Exhibit 16-9 for your reference. (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare a schedule of depreciation deductions assuming: a. The firm uses the accelerated depreciation schedule specified by MACRS. b. The firm uses the optional straightline depreciation method and the halfyear convention. 2. Calculate the present value of the depreciation tax shield under each depreciation method listed in requirement 1. Sharpe Machining Company's after-tax hurdle rate is 10 percent, and the firm's tax rate is 30 percent. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 The firm uses the optional straightline depreciation method and the half-year convention. (Round intermediate calculations and final answers to the nearest dollar amount.) ANNA Exercise 16-33 Depreciation Tax Shield (Section 2) (L0 16-4, 16-5) Sharpe Machining Company purchased industrial tools costing $70,000, which fall in the 3-year property class under MACRS. Use Appendix A and Exhibit 16-9 for your reference. (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare a schedule of depreciation deductions assuming: a. The firm uses the accelerated depreciation schedule specified by MACRS. b. The firm uses the optional straightline depreciation method and the halfyear convention. 2. Calculate the present value ofthe depreciation tax shield under each depreciation method listed in requirement 1, Sharpe Machining Company's aftertax hurdle rate is 10 percent, and the firm's tax rate is 30 percent. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Calculate the present value of the depreciation tax shield under each depreciation method listed in requirement 1. Sharpe Machining Company's after-tax hurdle rate is 10 percent, and the firm's tax rate is 30 percent. (Round intermediate calculations and final answers to the nearest dollar amount.) Under MACRS Accelerated depreciation Under MACRS Straight-line depreciation