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Question 1 In 2017, McDs purchased a new machine for $50,000. The machine has a three year recovery period, and it is expected to have
Question 1 In 2017, McDs purchased a new machine for $50,000. The machine has a three year recovery period, and it is expected to have a salvage value of $17,000. Use MACRS depreciation percentages to calculate the yearly depreciation of the machine. Question 2 Classify the following changes in accounts as inflows or outflows of cash. Explain. a. b. C. d. e. Decrease in marketable securities Decrease in land and buildings Increase in accounts payable Decrease in long-term debt Payment in dividends
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