Question
Your firm buys a truck to transport goods directly to your main customers Your firm buys a truck to transport goods directly to your main
Your firm buys a truck to transport goods directly to your main customers
Your firm buys a truck to transport goods directly to your main customers' facilities. The value of the truck is $123,293 and its useful life is 3 years (Your company assumes there is no residual value). If the depreciation is calculated using MACRS, what is the depreciation expense on year 3? Year 12 13 15 16 17 18 MACRS 0445 0148 0.074 1.000 MACRS 0200 0.192 0.115 0.115 0058 1.000 Year MACRS 0.143 0245 0175 0.089 0.089 0.089 0.045 1.000 'O-Year MACRS 0.100 0.180 0.144 0.1 15 0.092 0074 0.066 0.066 0.065 0065 0.033 1.000 Year MACRS 0050 0.095 0.086 0.077 om9 0.062 0.059 0.059 0.059 0.059 0.059 0.059 0.059 0.059 0.059 0.030 1.000 MACRS 0.08 0072 0.067 0.057 0.045 0.045 0.045 0.045 5045 0.045 0.045 0.045 0.045 0.045 0.045 0.045 0.045 0.045 0.017 1.000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started