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Please answer questions 8 and 9 with showing all the steps. 5. A company purchased a new Additive Manufacturing machine (3d Printer) for $300K. It

Please answer questions 8 and 9 with showing all the steps.

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5. A company purchased a new Additive Manufacturing machine (3d Printer) for $300K. It expected it to last 6 years before becoming obsolete. At that time it estimated it could sell (salvage) it for $40K. It received additional income before taxes, because of the machine investment, of $110K the first year and 80K per year for the following 5 years. When the machine was actually sold in the 6th year, they received $50K. Fill out the ATCF table below. The company used DDB depreciation and has a 30% corporate tax rate. 6. What is the depreciation charge for a building that initially cost $700K, when it is sold in the month of September? 7. Some special handling devices (MACRS GDS Property class: 3-year property can be obtained for S16,000. At the end of 4 years, they can be sold for S1000. Compute the depreciation schedule for the devices using the following methods. PART 1 a. Straight-line depreciation b. Sum-of-years'-digits (SOYD depreciation c. Double declining balance depreciation d. MACRS depreciation PART 2 If the device is sold for $10,000 at the end of the 2nd year, and if straight depreciation is used, t-line is there a capital gain/loss or a recaptured depreciation in year 2? 8. Determine the third year depreciation amount for a truck purchased for S30,000, a projected service life of 8 years, and an estimated salvage value after 8 years of $3,000 using; a) Straight line depreciation b) Sum of Years Digit 9. For the same problem in 5 above, determine the third year depreciation amount using Double Declining Balance method

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