Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer fast. Thanks. The below table is for problems 1-3 (chapter 16). MACRS rate DEP BV YEAR 0 1 2 3 4 5 6

please answer fast. Thanks.
image text in transcribed
The below table is for problems 1-3 (chapter 16). MACRS rate DEP BV YEAR 0 1 2 3 4 5 6 STRAIGHT DEPR BV 589335 $114,331 $475,004.01 $114,331 $360,673.02 $114,331 $246,342.03 $114,331 $132,011.04 $114,331 $17,680.05 $114,331 WN 0.2 0.32 0.192 0.1152 0.1152 0.0575 $117,867.00 $188,587.20 $113,152.32 $67,891.39 $67,891.39 $33,945.70 DDB DEP BV 589335 $235,734 $353,601 $141,440 $212,161 $84,864 $127,296 $50,919 $76,378 $30,551 $45,827 589335 $471,468.00 $282,880.80 $169,728.48 $101,837.09 $33,945.70 $0 1. Based on the first 3-year accumulated depreciation values (neglecting country) from the table, which method should be selected for tax purposes (show calculations)? Why? (Spts) 2. If (n) is 5 years (recovery period), what is the book value for each depreciation method at the end of "it's" recovery period? (3pts) 3. Which method has a salvage value ($17,680.05) that has not been met at the end of their recovery period? (2pts)

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

Step: 3

blur-text-image

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

Murder Audit

Authors: Michelle Cornish

1st Edition

1775083624, 978-1775083627

More Books

Students also viewed these Accounting questions

Question

understand the key issues concerning international assignments

Answered: 1 week ago