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Great day! Can you help with my homework of my Economy class. Thanks! A manufacturing company has purchased three assets: Item Lathe Truck Building Initial

Great day! Can you help with my homework of my Economy class. Thanks!

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A manufacturing company has purchased three assets: Item Lathe Truck Building Initial Cost $43,000 $25,000 $900,000 Book life 12 years 200,000 miles 50 years MACRS class 7 years 5 years 39 years Salvage value $3,000 $2,000 $100,000 Book Unit production depreciation DDB UP SL The truck was depreciated by the units-of-production method. Usage of the truck was 22,000 miles, 30,000 and 45,000 miles during the first three years, respectively. Calculate the depreciation stated for each asset for the first three years. For the building consider it was bought on May of Year 1. Lathe Book Truck Book Depreciation Depreciation n Dn BV n Dn BV O 0 17,167 35,833 1 2,530 22,470 2 5,972 29,861 2 3,450 19,020 3 3

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