7. Special tools for the manufacture of finished plastic products cost $15,000 and have an estimated $1000 salvage value at the end of an estimated three-year useful life and recovery period. What is the value of the third-year straight-line depreciation?
7. Special tools for the manufacture of finished plastic products cost $15,000 and have an estimated $1000 salvage value at the end of an estimated three-year useful life and recovery period. What is the value of the third-year straight-line depreciation?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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8. Use the provided chart to solve this problem. Show your work.
Transcribed Image Text:factor name
single payment
compound amount
single payment
present worth
uniform series
sinking fund
capital recovery
uniform series
compound amount
uniform series
present worth
uniform gradient
present worth
uniform gradient
future worth
uniform gradient
uniform series
converts
P to F
F to P
F to A
P to A
A to F
A to P
G to P
G to F
G to A
symbol
(F/P, i%, n)
(P/F, 1%, n)
(A/F, i%, n)
(A/P, i%, n)
(F/A, 1%, n)
(P/A, i%, n)
(P/G,i%, n)
(F/G,1%, n)
(A/G, i%, n)
formula
(1 + i)"
(1 + i)-¹
i
(1 + i)" - 1
i(1+i)"
(1+i)n-1
(1+i)n-1
i
(1+i)n-1
i(1+i)n
1-
i
(1+i)n-1
1² (1+i)n
n
i(1+i)n
(1+i)n-1
n
i
n
(1+i)n-1
Transcribed Image Text:7. Special tools for the manufacture of finished plastic products cost $15,000 and have
an estimated $1000 salvage value at the end of an estimated three-year useful life and
recovery period. What is the value of the third-year straight-line depreciation?
8. With the information of #7. What is the value of the first year Modified-Accelerated-
Cost-Recovery-system (MACRS) depreciation?
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