Your company has purchased a large new trucktractor for over the road use (asset class 00 26) It has a cost basis of $ 1 8 7 , 0 0 0 With additional options costing $ 1 6 , 0 0 0 , the cost basis for depreciation purposes is $ 2 0 3 , 0 0 0 Its MV at the end of f i v e years is estimated as $ 3 7 , 0 0 0 Assume it will be depreciated under the GDS a What is the cumulative depreciation through the end of year t h r e e b What is the MACRS depreciation in the t h i r d year c What is the BV at the end of year o n e LOADING Click the icon to view the partial listing of depreciable assets used in business LOADING Click the icon to view the GDS Recovery Rates ( r k ) a The cumulative depreciation through the end of year t h r e e is $ nothing (Round to the nearest dollar ) b The MACRS depreciation in the t h i r d year is $ nothing (Round to the nearest dollar ) c The BV at the end of year o n e is $ nothing (Round to the nearest dollar ) 3 of 7 (1 complete This Quiz 7 pts poss Your company has purchased a large new trucktractor for over the road use it class 00 26) has a cost basis of 5187,000 With additional options conting $10 000 The cost basis for depreciation purposes $200 000 Its MV the end of five years is estimated as $37 000 Assume it will be depreciated under the GDS What is the cumulative depreciation through the end of year three b What is the MACRS depreciation in the third year What is the Battheend of year one Click the loon to view the partising of depreciable assets used in business Click the icon to view the Recovery Plates The cumulate dupreciation through the end of your true is $ (Round to the neuront door ) 1 The MACRS depreciation in the third year is 3 (Round to the rosolar) e The BV at the end of your one is (Round to the nearest dolar)

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Your company has purchased a large new trucktractor for over-the-road use (asset class 00.26). It has a cost basis of $ 1 8 7 ,

Your company has purchased a large new trucktractor for over-the-road use (asset class 00.26). It has a cost basis of

$187,000.

With additional options costing

$16,000,

the cost basis for depreciation purposes is

$203,000.

Its MV at the end of

five

years is estimated as

$37,000.

Assume it will be depreciated under the GDS:

a. What is the cumulative depreciation through the end of year

three?

b. What is the MACRS depreciation in the

third

year?

c. What is the BV at the end of year

one?

Click the icon to view the partial listing of depreciable assets used in business.

Click the icon to view the GDS Recovery Rates

(rk).

a. The cumulative depreciation through the end of year

three

$nothing.

(Round to the nearest dollar.)

b. The MACRS depreciation in the

third

year is

$nothing.

(Round to the nearest dollar.)

c. The BV at the end of year

one

$nothing.

(Round to the nearest dollar.)

3 of 7 (1 complete This Quiz:7 pts poss Your company has purchased a large new trucktractor for over-the-road use it class 00:26). has a cost basis of 5187,000. With additional options conting $10.000. The cost basis for depreciation purposes $200.000 Its MV the end of five years is estimated as $37.000 Assume it will be depreciated under the GDS What is the cumulative depreciation through the end of year three? b. What is the MACRS depreciation in the third year? What is the Battheend of year one? Click the loon to view the partising of depreciable assets used in business Click the icon to view the Recovery Plates >> . The cumulate dupreciation through the end of your true is $. (Round to the neuront door.) 1. The MACRS depreciation in the third year is 3 (Round to the rosolar) e. The BV at the end of your one is (Round to the nearest dolar)