please complete #2 only and provide work in excel and show all formulas used in excel thank you! Initial Cost of $55,000, annual O&M costs of $800increasing by $100 annually, salvage value of $6,000 atthe end of it's 10 year useful life.Sheet 1 - DepreciationCalculate the depreciation for each year and book valueusing the appropriate MACRS recovery period for yourvehicle.Sheet 2 - TaxesFor your vehicle, now include annual labor cost of$95,000 and annual revenue of $117,000. Using theappropriate MACRS determine the BTCF and ATCF at a21% federal tax rate.Should your vehicle be purchased? (Use an After-TaxMARR of 8% for PW, AW and ROR analysis)

As per requirement, only 2nd question is solved. A cash flow statement refers to the statement…

Answered: #2 only and pr

Business

Accounting

#2 only and pr

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

please complete #2 only and provide work in excel and show all formulas used in excel thank you!

Initial Cost of $55,000, annual O&M costs of $800
increasing by $100 annually, salvage value of $6,000 at
the end of it's 10 year useful life.
Sheet 1 - Depreciation
Calculate the depreciation for each year and book value
using the appropriate MACRS recovery period for your
vehicle.
Sheet 2 - Taxes
For your vehicle, now include annual labor cost of
$95,000 and annual revenue of $117,000. Using the
appropriate MACRS determine the BTCF and ATCF at a
21% federal tax rate.
Should your vehicle be purchased? (Use an After-Tax
MARR of 8% for PW, AW and ROR analysis)

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