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A piece of newly purchased industrial equipment costs $980,000 and is classified as seven-year property under MACRS (MACRS Schedule). Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Leave no cells blank_ Enter "0" when necessary. Year Beginning Book Value Depreciation Allowance Ending Book Value 1 $ 980,000 2 839,958 3 634,252 4 523,322 5 457,959 6 417,063 7 379,861 8 ง

A piece of newly purchased industrial equipment costs $980,000 and is classified as seven-year property under MACRS (MACRS Schedule). Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Leave no cells blank_ Enter "0" when necessary. Year Beginning Book Value Depreciation Allowance Ending Book Value 1 $ 980,000 2 839,958 3 634,252 4 523,322 5 457,959 6 417,063 7 379,861 8 ง

Essentials Of Investments
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
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A piece of newly purchased industrial equipment costs $980,000 and is classified as seven-year property under MACRS (MACRS Schedule). Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Leave no cells blank_ Enter "0" when necessary. Year Beginning Book Value Depreciation Allowance Ending Book Value 1 $ 980,000 2 839,958 3 634,252 4 523,322 5 457,959 6 417,063 7 379,861 8 ง
Transcribed Image Text:A piece of newly purchased industrial equipment costs $980,000 and is classified as seven-year property under MACRS (MACRS Schedule). Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Leave no cells blank_ Enter "0" when necessary. Year Beginning Book Value Depreciation Allowance Ending Book Value 1 $ 980,000 2 839,958 3 634,252 4 523,322 5 457,959 6 417,063 7 379,861 8 ง
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