A Computer System purchased by Jons Cost $ 419,300. Using the MACRS meth the accumulated. 3. (Round all depreciation at the Dollar amounts 1 er new
A Computer System purchased by Jons Cost $ 419,300. Using the MACRS meth the accumulated. 3. (Round all depreciation at the Dollar amounts 1 er new
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![A
Cost 49, 300,
#
Computer System purchased by Jones Company
Using the MACRS method Caleviate
depreciation at the
the accumulated
3. (Round all
Dollar amounts.
to
A 35, 101.60
B 33, 345.54
C 40 780.9
و ما ان ها ,45 D
87
Abswer
ky
end of year
newest Cent)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9f720ab8-947a-40bc-9376-9f47ebcdb167%2Fd0eee332-13ff-4ef6-86b6-eef470c68bb0%2F7mwo1b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A
Cost 49, 300,
#
Computer System purchased by Jones Company
Using the MACRS method Caleviate
depreciation at the
the accumulated
3. (Round all
Dollar amounts.
to
A 35, 101.60
B 33, 345.54
C 40 780.9
و ما ان ها ,45 D
87
Abswer
ky
end of year
newest Cent)
![h. 17 Test: Depreciation - BUSN-230-01 Quantitative Busn Analysis I
W Ch. 17 Test: Depreciation - BUSN - 230-01 Quantitative Busn Analysis I Fall 20...
TABLE 17-1 MACRS Property Classes (Recovery Period) General Depreciation System
3-Year Property (3 years)
5-Year Property (5 years)
Over-the-road tractors
Automobiles and taxis
Buses and trucks
Some horses and hogs
Special handling devices for the
Computers and peripherals
Office machinery
manufacture of food and beverages
Specialty tools used in the manufacture
of motor vehicles
Specialty tools used in the manufacture
of finished products made of plastic,
rubber, glass, and metal
10-Year Property (10 years)
Vessels, barges, and tugs
Single-purpose agricultural structures
Trees and vines bearing fruits or nuts
Assets used in the production of grain, sugar,
and vegetable oil products
Assets used in petroleum refining
Assets used in the manufacture and repair of
ships, boats, and marine drilling rigs
25-Year Property (25 years)
Municipal sewers
Certain water utility property integral to
the gathering, treatment, or commercial
distribution of water
Breeding or dairy cattle, sheep and goats
Airplanes (except those in commercial use)
Trailers and trailer-mounted containers
Assets used in construction
Assets used in the manufacture of knitted
goods, textile yarns, carpets, medical
and dental supplies, chemicals, and
electronic components
Assets used in radio and television
broadcasting, and CATV
15-Year Property (15 years)
Depreciable improvements made to land,
such as shrubbery, fences, roads, and
bridges
Assets used to manufacture cement
Gas and petroleum utility pipelines
Industrial steam and electric generation and/
or distribution systems
Water taxis and ferry boats
Residential Rental Property (27.5 years)
This is any building or structure, such as a
rental home (including a mobile home), if
80% of its gross rental income for the tax
year is from dwelling units. A dwelling
unit is a house or an apartment used to
provide living accommodations.
MacBook Air
https://www.webassign.net/brecmbe
7-Year Property (7 years)
Office furniture and fixtures
Railroad cars and engines
Commercial airplanes
Assets used in the manufacture of wood,
pulp, and paper products
Assets used in printing and publishing
Assets used in the production of tobacco,
leather, stone, and steel products
Assets used in the production of sporting
goods, toys, jewelry, and musical
instruments
Assets used in theme and amusement
parks, theaters, concert halls, and
miniature golf courses
20-Year Property (20 years)
Farm buildings
Railroad structures and improvements
Communication cable and long-line
systems
Water, electric, gas, and steam utility
plants and equipment
Nonresidential Real Property (39 years)
This is property such as an office
building, a store, or a warehouse that
is not residential rental property.
[](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9f720ab8-947a-40bc-9376-9f47ebcdb167%2Fd0eee332-13ff-4ef6-86b6-eef470c68bb0%2Fciusxwo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:h. 17 Test: Depreciation - BUSN-230-01 Quantitative Busn Analysis I
W Ch. 17 Test: Depreciation - BUSN - 230-01 Quantitative Busn Analysis I Fall 20...
TABLE 17-1 MACRS Property Classes (Recovery Period) General Depreciation System
3-Year Property (3 years)
5-Year Property (5 years)
Over-the-road tractors
Automobiles and taxis
Buses and trucks
Some horses and hogs
Special handling devices for the
Computers and peripherals
Office machinery
manufacture of food and beverages
Specialty tools used in the manufacture
of motor vehicles
Specialty tools used in the manufacture
of finished products made of plastic,
rubber, glass, and metal
10-Year Property (10 years)
Vessels, barges, and tugs
Single-purpose agricultural structures
Trees and vines bearing fruits or nuts
Assets used in the production of grain, sugar,
and vegetable oil products
Assets used in petroleum refining
Assets used in the manufacture and repair of
ships, boats, and marine drilling rigs
25-Year Property (25 years)
Municipal sewers
Certain water utility property integral to
the gathering, treatment, or commercial
distribution of water
Breeding or dairy cattle, sheep and goats
Airplanes (except those in commercial use)
Trailers and trailer-mounted containers
Assets used in construction
Assets used in the manufacture of knitted
goods, textile yarns, carpets, medical
and dental supplies, chemicals, and
electronic components
Assets used in radio and television
broadcasting, and CATV
15-Year Property (15 years)
Depreciable improvements made to land,
such as shrubbery, fences, roads, and
bridges
Assets used to manufacture cement
Gas and petroleum utility pipelines
Industrial steam and electric generation and/
or distribution systems
Water taxis and ferry boats
Residential Rental Property (27.5 years)
This is any building or structure, such as a
rental home (including a mobile home), if
80% of its gross rental income for the tax
year is from dwelling units. A dwelling
unit is a house or an apartment used to
provide living accommodations.
MacBook Air
https://www.webassign.net/brecmbe
7-Year Property (7 years)
Office furniture and fixtures
Railroad cars and engines
Commercial airplanes
Assets used in the manufacture of wood,
pulp, and paper products
Assets used in printing and publishing
Assets used in the production of tobacco,
leather, stone, and steel products
Assets used in the production of sporting
goods, toys, jewelry, and musical
instruments
Assets used in theme and amusement
parks, theaters, concert halls, and
miniature golf courses
20-Year Property (20 years)
Farm buildings
Railroad structures and improvements
Communication cable and long-line
systems
Water, electric, gas, and steam utility
plants and equipment
Nonresidential Real Property (39 years)
This is property such as an office
building, a store, or a warehouse that
is not residential rental property.
[
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