LIUL an alternate calcunu based on income, so the total am cost. PROBLEMS Assume that the depreciation methods listed in each problem can be used for tax and valuation purposes. Bonus Depreciation 11-1 A metal fabrication company is buying a CNC machine for $600,000. After 20 years of use, the machine should have a salvage value of $35,000. (a) Under 100% bonus depreciation, what deprecia- tion can be claimed in year 1? (b) Under 100% bonus depreciation, what deprecia- tion can be claimed in year 2? 11-2 A manual press costs $16,000, and it will be scrapped after 10 years. Compute the depreciation and book value for the first two years using 100% bonus depreciation. 11-3 Using 100% bonus depreciation, determine the depreciation schedule for $375,000 worth of equip- ment that was purchased by a small design firm in 2018. The firm had no other capital expenditures. 11-4 A small, profitable construction contractor nun