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NEED CORRECT ANSWER FOR B ASAP I'll rate as soon as the question is answered! Thumbs up if its FULLY correct Required information Problem 10-65
NEED CORRECT ANSWER FOR B ASAP
Required information Problem 10-65 (LO 10-3) (Algo) [The following information applies to the questions displayed below] Phil owns a ranch business and uses four-wheelers to do much of his work. Occasionally, though, he and his boys will go for a ride together as a family activity. During year 1, Phil put 1,091 miles on the four-wheeler that he bought on January 15 for $16,400, Of the miles driven, only 261 miles were for personal use. Assume four-wheelers qualify to be depreciated according to the five-year MACRS schedule and the four-wheeler was the only asset Phil purchased this year. (Use MACRS Table 1, Table 2. Table 3. Table 4 and Table 5) Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. roblem 10-65 Part b (Algo) . Calculate the allowable depreciation for year 2 if total miles were 1,650 and personal-use miles were 790 (ignore the $179 expense nd bonus depreciation). Table 1 MACRS Half-Year Convention TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 3 Resdential Rental Property Mid-Month Convention Straight Line-27.5 Years \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{\begin{tabular}{|l|l|l} \multicolumn{2}{c}{ Moeth Froperty Placed in Service } \\ \end{tabular}} \\ \hline & Month 1 & Moath 2 & Month 3 & Month 4 & Menth 5 & Menth 6 & Month 7 & Month 8 & Month 9 & Month 10 & Month 11 & Month 12 \\ \hline Year 1 & 3,485% & 3.182% & 2879% & 2576% & 2273% & 1,970% & 1.667% & 1.364% & 1.061% & 0.758% & 0.455% & 0.152% \\ \hline Year 2.9 & 3.636 & 3.646 & 3.636 & 3,636 & 3636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 10 & 3.637 & 3637 & 3.637 & 3637 & 3.637 & 3.637 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 11 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & .3 .637 & 3637 & -3637 & 3.637 & 3.637 & 3.637 \\ \hline Year 12 & 3.637 & 3.637 & 3637. & 3.637 & 3.637 & 3.637 & 3.636 & 3,636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 13 & 3.646 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 \\ \hline Year 14 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.636 & 3.636 & 3,636 & 3.636 & 3.636 & 3.636 \\ \hline Vear 15 & 3626 & 3.636 & 3636 & 3.636 & 3.636 & 3.646 & 3.637 & 3.637 & 3.637 & 3.637 & 3637 & 3.637 \\ \hline Year 16 & 3.637 & 3.637 & 3,637 & 3.637 & 3637 & 3.637 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 17 & 3.636 & 3.636 & 3.636 & 3.636 & 3536 & 3,636 & 3637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 \\ \hline Year is & 3.637 & 3.637 & 3,637 & 3637 & 3.637 & 3.637 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 \\ \hline Year 19 & 3.636 & 3.636 & 3,636 & 3.636 & 3.636 & 3.636 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 & 3.637 \\ \hline Year 20 & 3.637 & 3.637 & 3637 & 3.637 & 3.637 & 3637 & 3.636 & 3.636 & 3.636 & 3.656 & 3636 & 3.636 \\ \hline Vear 21 & 3.636 & 3.636 & 3636 & 3.636 & 3636 & 3636 & 3.637 & 3637 & 3.637 & 3.637 & 3,637 & 3637 \\ \hline Year 22 & 3.637 & 3.637 & 3637 & 3.637 & 3697 & 3.637 & 3636 & 3.636 & 3.636 & 3.636 & 3.636 & 3,636 \\ \hline Vear 23 & 3.636 & 3.636 & 3636 & 3,636 & 3.645 & 3.636 & 3.637 & 3.637 & 3637 & 3.637 & 3.637 & 3,637 \\ \hline Year 24 & 3.637 & 3.637 & 3.637 & 3637 & 3.637 & 3.637 & 3.636 & 3636 & 3636 & 3636 & 3636 & 3.636 \\ \hline Yar 25 & 3.636 & 3.636 & 3.636 & 3636 & .3636 & 3.636 & 3.637 & 3.637 & 3.637 & 3.637 & 3637 & 3.637 \\ \hline Year26 & 3.637 & 3.697 & 3.637 & 3.637 & 3,637 & 3.637 & 3.636 & 3.636 & 3.636 & 3.636 & 3.636 & 3636 \\ \hline Yrar 27 & 3.636 & 3.646 & 3636 & 3.636 & 3636 & 3.636 & 3.637 & 3.637 & 3.637 & 3.637 & 3637 & 3.637 \\ \hline Vear 28 & 1.97 & 2273 & 2576 & 2879 & 3.182 & 3,485 & 3.636 & 3.636 & 3.635 & 3.636 & 3.636 & 3.636 \\ \hline Vrar29 & & & 4 & 1 & & & 0.152 & 0.455 & 0.758 & 1.061 & 1.364 & 1667 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{ Month Property Placed in Service } \\ \hline & Miedh 1 & Minath 2 & Mneih 3 & Mlowh 4 & Mneth 5 & Mineth 6 & Month 7 & Menth 8 & Month 9 & Month 10 & Menth 11 & Sheth 12 \\ \hline Veat 1 & 30423 & 27785 & 2.5134 & 220h & 1984% & 1.7204 & 1.4554 & 1.1900 & 0.925 & 0.651% & 0.3979 & 0.132% \\ \hline Var27 & 3175 & 3.175 & 3.175 & 3.175 & 3.125 & 3.175 & 3.125 & 3.175 & 3.175 & 3.175 & 3475 & 3.175 \\ \hline Vear $ & 3.175 & 3,174 & 3.175 & 3.174 & 3.173 & 3.174 & 3175 & 3.175 & 3.175 & 3.175 & 3.175 & 3175 \\ \hline Vrar 9 & 3174 & 3.175 & 3.174 & 1.175 & 3.174 & 3.175 & 3.174 & 3.175 & 3174 & 3.175 & 3.174 & 3.175. \\ \hline Vear 10 & 3175 & 3.174 & 3.175 & 3.174 & 3.173 & 3.1% & 2173 & 3174 & 3.173 & 3174 & 3.175 & 3174 \\ \hline Year II & 3174 & 3.175 & 3.174 & 3.175 & 3.174 & 3.175 & 3124 & 3175 & 3.174 & 3.173 & 3.174 & 2.175 \\ \hline Vear 12 & 3125 & 3.124 & 3173 & 3.174 & 3175 & 3.1%4 & 1175 & 3.174 & 2175 & 3.174 & & 314 \\ \hline Year 13 & 3.174 & 3.173 & 3174 & 3173 & 3174 & 3175 & 3.174 & 3.175 & 3.176 & 3125 & 3.174 & 3173 \\ \hline Year 14 & 3.175 & 3174 & 3.175 & 3.174 & 3175 & 3.174 & 3.173 & 3.174 & 3.175 & 3.174 & & 3.174 \\ \hline Vear is & 3174 & 3.175 & 3.174 & 3.173 & 3.174 & 3.175 & 3.174 & 3.13 & 31M & 0.175 & 3.174 & 3125 \\ \hline Yrar 16 & 3175 & 3.174 & 3.125 & 3174 & 3175 & 3.174 & 3.175 & 3134 & 3173 & 2174 & 3.173 & \\ \hline Vear 17 & 3.194 & 3175 & 3.174 & 2.175 & 3174 & 2175 & 3.174 & 3175 & 3.174 & 3.175 & 3.174 & 3175 \\ \hline Year is & 3.175 & 3174 & 3.175 & 3174 & 3175 & 3.174 & 3.175 & 3174 & 3.175 & 3.134 & 3173 & 3.124 \\ \hline Yrar is & 3.144 & 3175 & 3174 & x,175 & 3.174 & 3.175 & 3.174 & 3125 & 3.174 & 2.175 & 3124 & 3195 \\ \hline Vrar 20 & 3773 & 3.174 & 3.175 & 3.174 & 3,175 & 3.174 & 2175 & 3.174 & 3.175 & 317 & & 3174 \\ \hline Vear 21 & 3174 & 3.175 & 3.174 & 3,175 & 3174 & 3.175 & 3.174 & 3.175 & 3174 & 3.175 & 3124 & 3.175 \\ \hline Vear n & 3193 & 3.174 & 3173 & 3.17 & 3.173 & 3.174 & 3.175 & 3.174 & 317 & 3.174 & 3.175 & 3.124 \\ \hline Yrar 23 & 3474 & .7175 & 3.174 & 3.175 & 3.174 & 3.175 & 3.174 & 3.115 & 2.174 & 3.175 & 3.174 & 3.475: \\ \hline Year 34 & 3.179 & 3.174 & 3.173 & 3.174 & 3.173 & 3.124 & 3.175 & 3.174 & 3175 & 3174 & 3.173 & 3.174 \\ \hline Year 2s & 3.174 & 3 it5s & 3174 & 323 & 3.14 & 3.175 & 3174 & 3.173 & 3.174 & 3.175 & 3174 & 3175 \\ \hline Yiar 26 & 3.175 & 3.174 & 3.175 & 3734 & 3175 & 3.174 & 3.175 & 3.174 & 3.175 & 3174 & 3.173 & 3.174 \\ \hline Year 27 & 3174 & 3125 & 3.174 & 3173 & 3174 & 3175 & & 3.175 & 3.174 & 3.175 & 3.174 & 3.175 \\ \hline Vrar 28 & 0.175 & 3174 & 3.175 & 3.174 & 3.175 & 2174 & 3125 & 3.174 & 3175 & 3.174 & 3.175 & 3174 \\ \hline & 3ln4 & 3125 & 3.174 & & 3.124 & 3125 & 3.124 & 3123 & 7174 & 3179 & 3.174 & 3.175 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{ Menth Preperty Flaced in Service. } \\ \hline & Monts 1 & Mants 2 & Meath 3 & Mendi 4 & Menth 5 & Month 6 & Menth? & Manth 8 & Menth 9 & Meath 10 & Menth 11 & Moeth 12 \\ \hline Year 1 & 201% & 2.2475 & 20338 & 18199 & 1605% & 13918 & 1.177% & 0.5638 & & 05394 & 03216 & 0.1078 \\ \hline Year 239 & 2364 & 2564 & 2564 & 2564 & 2564 & 2564 & 2.564 & 2%4 & 2.46 & 2564 & 2564 & 2504 \\ \hline Vear th & 0.107 & 0.321 & osws & 0.349 & 0.963 & 1,17 & 1391 & 1008 & 1.519 & 2093 & 2847 & 2464 \\ \hline \end{tabular} I'll rate as soon as the question is answered! Thumbs up if its FULLY correct
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