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In June 2019, Copper Kettle, Inc., purchases duplicating equipment for $541,000. For the recovery periods, assume 5 years for MACRS and intermediate cost recovery methods
In June 2019, Copper Kettle, Inc., purchases duplicating equipment for $541,000. For the recovery periods, assume 5 years for MACRS and intermediate cost recovery methods and 6 years for ADS straight line method. Refer to the MACRS Depreciation Tables to answer the following questions. a. Determine cost recovery deductions using maximum, minimum, and intermediate methods over the recovery period of the equipment. Round percentages to two decimal places and round your answers to the nearest dollar. Adjust the last year depreciation so that total depreciation equals cost. If an amount is zero, enter "0". Depreciable Year Maximum Method Minimum Method Intermediate Method Elect to expense yes no no 4 2019 Election 25,000 A A 2019 Bonus A 2019 A A 2020 2021 2022 A A 2023 A 2024 A 2025 A In June 2019, Copper Kettle, Inc., purchases duplicating equipment for $541,000. For the recovery periods, assume 5 years for MACRS and intermediate cost recovery methods and 6 years for ADS straight line method. Refer to the MACRS Depreciation Tables to answer the following questions. a. Determine cost recovery deductions using maximum, minimum, and intermediate methods over the recovery period of the equipment. Round percentages to two decimal places and round your answers to the nearest dollar. Adjust the last year depreciation so that total depreciation equals cost. If an amount is zero, enter "0". Depreciable Year Maximum Method Minimum Method Intermediate Method Elect to expense yes no no 4 2019 Election 25,000 A A 2019 Bonus A 2019 A A 2020 2021 2022 A A 2023 A 2024 A 2025 A
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