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Please help will upvote! Depreciation expense. Brock Florist Company buys a new delivery truck for $35,000. It is classified as a light-duty truck. a. Calculate
Please help will upvote!
Depreciation expense. Brock Florist Company buys a new delivery truck for $35,000. It is classified as a light-duty truck. a. Calculate the depreciation schedule using a five-year life, straight-line depreciation, and the half-year convention for the first and last years. b. Calculate the depreciation schedule using a five-year life and MACRS depreciation, c. Compare the depreciation schedules from parts (a) and (b) before and after taxes using a 30% tax rate. What do you notice about the difference between these two methods? a. wh rs, Data table s[ $ MACRS Fixed Annual Expense Percentages by Recovery Class Click on this icon to download the data from this table Year 5-Year 10-Year 1 3-Year 33.33% 44.45% 14.81% 7.41% 20.00% 32.00% 2 3 19.20% 7-Year 14.29% 24.49% 17.49% 12.49% 8.93% 8.93% 4 5 11.52% 11.52% 5.76% 10.00% 18.00% 14.40% 11.52% 9.22% 7.37% 6.55% 6.55% 6.55% 6 7 8.93% 8 4.45% 9 10 F07Step by Step Solution
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