Please help me Answer this questions using the information on top.
Penguin Network Warehouses, LLC MACRS Depreciation Year 1 Supplier (All) Emperor Office Furn... Gentoo Refrigeration Magellanic Resources Regional Office $240,000 $220,000 $200,000 $180,000 $160,000 $140,000 Keep Only Exclude MACRS Tax Depreciation Year 1 $120,000 $100,000 Regional Office: Kansas City Region: 7 MACRS Year 1: 0.14290 Purchase Amount: 1,097,148 Tax Depreciation Year 1: $156,782 Regional Office (All) Atlanta Boston Chicago Dallas Denver Kansas City New York City Philadelphia San Francisco Seattle $80,000 $60,000 $40,000 $20,000 $0 Kansas City Philadelphia # + ableau Penguin Network Warehouses, LLC MACRS Depreciation Year 1 Supplier (All) Emperor Office Furn... Gentoo Refrigeration Magellanic Resources Regional Office $240,000 $220,000 $200,000 $180,000 Keep Only Exclude $160,000 $140,000 MACRS Tax Depreciation Year 1 $120,000 Regional Office: Philadelphia Region: 3 MACRS Year 1:0.20000 Purchase Amount: 1,152,863 Tax Depreciation Year 1: $230,573 Regional Office (All) Atlanta Boston Chicago Dallas Denver Kansas City New York City Philadelphia San Francisco Seattle $100,000 $80,000 $60,000 $40,000 $20,000 $0 Kansas City Philadelphia # + ableau As typical of a start-up business, PNW, LLC expects to generate a current year loss with regular deprecation. As such, PNW, LLC does not elect Section 179 depreciation and elects out of bonus depreciation. PNW, LLC qualifies for the half year convention. Required: 1. How much depreciation is reported by Philadelphia Region 3 on assets purchased from Magellanic Resources? 2. How much depreciation is reported by Kansas City Region 7 on assets purchased from Magellanic Resources? 3. What asset class life was used by Kansas City Region 7 on assets purchased from Magellanic Resources? 4. Did Kansas City Region 7 under or over report depreciation on assets purchased from Magellanic Resources? 5. What is the correct depreciation for Kansas City Region 7 on assets purchased from Magellanic Resources? Complete this question by entering your answers in the tabs below. Req a Reqb Reqc Reg d Req e How much depreciation is reported by Philadelphia Region 3 on assets purchased from Magellanic Resources? Depreciation X Req a Reqb This is a numeric cell, so please enter numbers only. Penguin Network Warehouses, LLC MACRS Depreciation Year 1 Supplier (All) Emperor Office Furn... Gentoo Refrigeration Magellanic Resources Regional Office $240,000 $220,000 $200,000 $180,000 $160,000 $140,000 Keep Only Exclude MACRS Tax Depreciation Year 1 $120,000 $100,000 Regional Office: Kansas City Region: 7 MACRS Year 1: 0.14290 Purchase Amount: 1,097,148 Tax Depreciation Year 1: $156,782 Regional Office (All) Atlanta Boston Chicago Dallas Denver Kansas City New York City Philadelphia San Francisco Seattle $80,000 $60,000 $40,000 $20,000 $0 Kansas City Philadelphia # + ableau Penguin Network Warehouses, LLC MACRS Depreciation Year 1 Supplier (All) Emperor Office Furn... Gentoo Refrigeration Magellanic Resources Regional Office $240,000 $220,000 $200,000 $180,000 Keep Only Exclude $160,000 $140,000 MACRS Tax Depreciation Year 1 $120,000 Regional Office: Philadelphia Region: 3 MACRS Year 1:0.20000 Purchase Amount: 1,152,863 Tax Depreciation Year 1: $230,573 Regional Office (All) Atlanta Boston Chicago Dallas Denver Kansas City New York City Philadelphia San Francisco Seattle $100,000 $80,000 $60,000 $40,000 $20,000 $0 Kansas City Philadelphia # + ableau As typical of a start-up business, PNW, LLC expects to generate a current year loss with regular deprecation. As such, PNW, LLC does not elect Section 179 depreciation and elects out of bonus depreciation. PNW, LLC qualifies for the half year convention. Required: 1. How much depreciation is reported by Philadelphia Region 3 on assets purchased from Magellanic Resources? 2. How much depreciation is reported by Kansas City Region 7 on assets purchased from Magellanic Resources? 3. What asset class life was used by Kansas City Region 7 on assets purchased from Magellanic Resources? 4. Did Kansas City Region 7 under or over report depreciation on assets purchased from Magellanic Resources? 5. What is the correct depreciation for Kansas City Region 7 on assets purchased from Magellanic Resources? Complete this question by entering your answers in the tabs below. Req a Reqb Reqc Reg d Req e How much depreciation is reported by Philadelphia Region 3 on assets purchased from Magellanic Resources? Depreciation X Req a Reqb This is a numeric cell, so please enter numbers only
