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Willis and Gouw manufacturing company produces PVC pipes and drainage ducts for use in the agriculture industry. The table below shows a list of the
Willis and Gouw manufacturing company produces PVC pipes and drainage ducts for use in the agriculture industry. The table below shows a list of the major equipment currently owned by the company and current book value. The company's undepreciated capital cost at the beginning of the current year is close to: a) $114, 700 b) $294,000 c) $291, 060 d) $186,000 The total depreciation deduction permitted at the end of the current year is close to: a) $2, 940 b) $265, 700 c) $114, 700 d) $28, 300 If the company purchases a second forklift for $12,000 at the beginning of next year, the depreciation deduction for asset class 38 at the end of next year is close to: a) $7, 800 b) $4, 740 c) $6,000 d) $3, 600 Considering the purchase of the 2^nd forklift, the book value of the company's assets at the end of next year is close to: a) $244, 485 b) $242, 669 c) $288, 149 d) $254, 900
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