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Furrent Attempt in Progress A tractor for over-the-road hauling is purchased for $100,000.00. It is expected to be of use to the company for 6
Furrent Attempt in Progress A tractor for over-the-road hauling is purchased for $100,000.00. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,400.00. Calculate the depreciation deduction and the unrecovered investment during each year of the tractors life. a. Use straight-line depreciation. Provide depreciation and book value for year 6. Depreciation for year 6=$ book value for year 6=$ b. Use declining-balance depreciation, with a rate that ensures the book value equals the salvage value. Provide depreciation and book value for year 6 . Depreciation for year 6=$ book value for year 6=$ c. Use double declining balance depreciation. Provide depreciation and book value for year 6 . Depreciation for year 6=$ book value for year 6=$ d. Use double declining balance, switching to straight-line depreciation. Provide depreciation and book value for year 6. Depreciation for year 6=$ book value for year 6=$ Do all computations to 5 decimal places and round final answers to 2 decimal places. Tolerance is 50. Click here to access the MACRS-GDS Table Calculator eTextbook and Media GOTutorial Assistance Used Attempts: 0 of 5 used Furrent Attempt in Progress A tractor for over-the-road hauling is purchased for $100,000.00. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,400.00. Calculate the depreciation deduction and the unrecovered investment during each year of the tractors life. a. Use straight-line depreciation. Provide depreciation and book value for year 6. Depreciation for year 6=$ book value for year 6=$ b. Use declining-balance depreciation, with a rate that ensures the book value equals the salvage value. Provide depreciation and book value for year 6 . Depreciation for year 6=$ book value for year 6=$ c. Use double declining balance depreciation. Provide depreciation and book value for year 6 . Depreciation for year 6=$ book value for year 6=$ d. Use double declining balance, switching to straight-line depreciation. Provide depreciation and book value for year 6. Depreciation for year 6=$ book value for year 6=$ Do all computations to 5 decimal places and round final answers to 2 decimal places. Tolerance is 50. Click here to access the MACRS-GDS Table Calculator eTextbook and Media GOTutorial Assistance Used Attempts: 0 of 5 used
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