A): Thunderbird Manufacturing purchases a new stamping machine for $40,000. Its useful life is estimated to be 250,000 units with a salvage value of $5,000. Prepare a units-of-production (UOP) depreciation schedule based on the given annual usage (units produced) as shown below. *chart attached* B): Johnson Industries purchased a metal-working lathe for $32,000. This item will be used for business 90% of the time. Accountants elected to take a $11,000 section 179 deduction and utilize the special depreciation allowance of 50%.Prepare a depreciation schedule (in $) using MACRS.Round all dollar amounts to the nearest cent.*chart attached* Jahnsan Industries purchased a metal-woriking lathe for $32,000. This item will be used for business 90%% of the time. Accountants elected to take a $11,000 section 179 deduction and utilizethe special depreciation allowance of So.Prepare a depreciation schedule (in $) using MACRS.Round all dollar amounts to the nearest cent.Johnson IndustriesMACRS Depreciation Schedule-Metal-working LatheEnd of YearBasis for Depreciation x Recovery Percent = MACRS Depreciation Deduction Accumulated DepreciationBook Value133.33%$1244.45%$0%2414.81%$0$147.41%% Thunderbird Manufacturino purchases a new stamoino machine for $40.000. Its useful e is estimated to be 250,000 units with a salvage value of $5.000. Prepare a units-of-groduction (UCP)depredation schedule based on the given annual usage (units produced) as shown below.Thunderbird ManufacturingUnits-of-Production Depreciation ScheduleStamping MachineEnd of Year Depreciation per Unit (S) Units Produced Annual Depreciation (S) Accumulated Depreciation (S)Book value (S)$40,000 (new)%24$01.50,00070,000$045,000$0%2466,000%24$030,000

According to the guideline we should have been able to solve only one question and only three sub…

Answered: A): Thunderbird Manufacturing purchases…

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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A): Thunderbird Manufacturing purchases a new stamping machine for $40,000. Its useful life is estimated to be 250,000 units with a salvage value of $5,000. Prepare a units-of-production (UOP) depreciation schedule based on the given annual usage (units produced) as shown below. *chart attached*

B): Johnson Industries purchased a metal-working lathe for $32,000. This item will be used for business 90% of the time. Accountants elected to take a $11,000 section 179 deduction and utilize the special depreciation allowance of 50%.

Prepare a depreciation schedule (in $) using MACRS.

Round all dollar amounts to the nearest cent.*chart attached*

Jahnsan Industries purchased a metal-woriking lathe for $32,000. This item will be used for business 90%% of the time. Accountants elected to take a $11,000 section 179 deduction and utilize
the special depreciation allowance of So.
Prepare a depreciation schedule (in $) using MACRS.
Round all dollar amounts to the nearest cent.
Johnson Industries
MACRS Depreciation Schedule-Metal-working Lathe
End of Year
Basis for Depreciation x Recovery Percent = MACRS Depreciation Deduction Accumulated Depreciation
Book Value
1
33.33%
$1
2
44.45%
$0
%24
14.81%
$0
$1
4
7.41%%

Thunderbird Manufacturino purchases a new stamoino machine for $40.000. Its useful e is estimated to be 250,000 units with a salvage value of $5.000. Prepare a units-of-groduction (UCP)
depredation schedule based on the given annual usage (units produced) as shown below.
Thunderbird Manufacturing
Units-of-Production Depreciation Schedule
Stamping Machine
End of Year Depreciation per Unit (S) Units Produced Annual Depreciation (S) Accumulated Depreciation (S)
Book value (S)
$40,000 (new)
%24
$0
1.
50,000
70,000
$0
45,000
$0
%24
66,000
%24
$0
30,000

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