A piece of newly purchased industrial equipment costs $971,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Year Beginning Book Value Depreciation Ending Book Value 1 2 3 4 6 сл 5 7 8
A piece of newly purchased industrial equipment costs $971,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Year Beginning Book Value Depreciation Ending Book Value 1 2 3 4 6 сл 5 7 8
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
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Transcribed Image Text:A piece of newly purchased industrial equipment costs $971,000 and is classified as
seven-year property under MACRS. The MACRS depreciation schedule is shown in Table
10.7. Calculate the annual depreciation allowances and end-of-the-year book values for
this equipment. (Leave no cells blank - be certain to enter "O" wherever required. Do
not round intermediate calculations and round your answers to 2 decimal places, e.g.,
32.16.)
Year
Beginning Book Value
Depreciation
Ending Book Value
1
2
3
4
5
6
7
8
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