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Please show formulas P1115 DepreciationA firm is evaluating the acquisition of an asset that costs $64,000 and requires $4,000 in installation costs. If the firm
Please show formulas
P1115 DepreciationA firm is evaluating the acquisition of an asset that costs $64,000 and requires $4,000 in installation costs. If the firm depreciates the asset under MACRS, using a 5-year recovery period (see Table 4.2 on page 120 for the applicable depreciation percentages), determine the depreciation charge for each year.
PROBLEM 11-15 | |||
Year | Depreciation Schedule Cost | % | Amount |
1 | $68,000 | 20% |
|
2 | $68,000 | 32% |
|
3 | $68,000 | 19% |
|
4 | $68,000 | 12% |
|
5 | $68,000 | 12% |
|
6 | $68,000 | 5% |
|
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