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plz, answer each part of the question. and make sure it's correct. this is all of the info that is given. Saved Help 5 Penguin
plz, answer each part of the question. and make sure it's correct. this is all of the info that is given.
Saved Help 5 Penguin Network warenouses, LLC (PNW, LLC") is a start-up warenousing and logistics company providing grocery stores with climate-controlled storage and just-in-time delivery of perishable goods nationwide. PNW, LLC has 10 Regional Offices with the Corporate Headquarters being in Region 5, Chicago. Each Regional Office makes tangible personal property purchases based on the needs of each location and performs the data entry exercise of entering the purchase information into a central system for fixed asset tracking and depreciation purposes. Corporate has negotiated bulk pricing arrangements with its primary suppliers. Each Regional Office purchases the similar tangible personal property from three primary suppliers as follows: Gentoo Refrigeration - Supplier of commercial cooling machinery and equipment Magellanic Resources - supplier of computers and peripheral equipment used to manage logistics Emperor Office Furniture - supplier of office furniture and fixtures Ms. Humboldt, the Corporate Tax Analyst, has exported the data from the control system and has created the following Tableau visualization Penguin Network Warehouses, LLC MACRS Depreciation Year 1 Supplier M (AMI) Emperor Office Furn Gentoo Refrigeration Magellanic Resources Regional Office $2.000.000 51 800,000 51.600.000 Penguin Network Warehouses, LLC MACRS Depreciation Year 1 Regional Office Supplier Emperor Office Furnit.. Gentoo Refrigeration Magellanic Resources $2,000,000 $1,800,000 $1,600.000 $1,400,000 $1.200.000 MACRS Tax Depreciation Year 1 $1,000,000 $800,000 Regional Office Atlanta Boston Chicago Dallas Denver Kansas City New York City Ph.de San Francisco $600,000 $400,000 $200,000 $0 Dallas Denver New York San France 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. Rega Regb Regc Reg d Rege How much depreciation is reported by Philadelphia Region 3 on assets purchased from Magellanic Resources? Depreciation s Regb> tableau 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 Magellonic Resources? 4. Did Kansas City Region 7 under or over report depreciation on assets purchased from Magellonic 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. Reqa Reqb Reqc Req d Rege How much depreciation is reported by Kansas City Region 7 on assets purchased from Magellanic Resources? Depreciation $ 5 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. Reg a Reg b Reqc Req d Rege What asset class life was used by Kansas City Region 7 on assets purchased from Magellanic Resources? 3 year O5 year 7 year 10 year 5 As typical Ula start-up US, NW, LLL HAPULLS W yuraw a Current year uss wir teyr UELOS A SULIK, 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. Reg a Reqb Reqc Reg d Rege Did Kansas City Region 7 under or over report depreciation on assets purchased from Magellanic Resources? Over Tableau 5 As typical of a start-up business, PNW, LLC expects to generate a current your loss with regular deprecation. As such, PNW. 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. Rega Reqb Regc Req d Rege What is the correct depreciation for Kansas City Region 7 on assets purchased from Magellanic Resources? Depreciation tableau 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 Magellonic Resources? 4. Did Kansas City Region 7 under or over report depreciation on assets purchased from Magellonic 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. Reqa Reqb Reqc Req d Rege How much depreciation is reported by Kansas City Region 7 on assets purchased from Magellanic Resources? Depreciation $ 5 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. Reg a Reg b Reqc Req d Rege What asset class life was used by Kansas City Region 7 on assets purchased from Magellanic Resources? 3 year O5 year 7 year 10 year 5 As typical Ula start-up US, NW, LLL HAPULLS W yuraw a Current year uss wir teyr UELOS A SULIK, 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. Reg a Reqb Reqc Reg d Rege Did Kansas City Region 7 under or over report depreciation on assets purchased from Magellanic Resources? Over Tableau 5 As typical of a start-up business, PNW, LLC expects to generate a current your loss with regular deprecation. As such, PNW. 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. Rega Reqb Regc Req d Rege What is the correct depreciation for Kansas City Region 7 on assets purchased from Magellanic Resources? DepreciationStep by Step Solution
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