Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hola! Can you help me with my homework for economy class! Thanks BV at 0 should be 900,000? Then??? A manufacturing company has purchased three

image text in transcribedimage text in transcribed

Hola! Can you help me with my homework for economy class! Thanks

BV at 0 should be 900,000?

Then???

image text in transcribedimage text in transcribed
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 3Use the data from the last problem to determine the missing values below. Building Tax Depreciation n Dn BV 0 1 12,820 887,179 2 20,513 866,667 3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bank Management

Authors: Timothy W Koch, Steven Scott MacDonald, S Scott MacDonald

6th Edition

0324289278, 9780324289275

More Books

Students also viewed these Economics questions

Question

Outline two major problems for psychogenic identity theory.

Answered: 1 week ago

Question

2. Information that comes most readily to mind (availability).

Answered: 1 week ago