Acorn Contruction (calender - year-end C Corporation) has had rapid expansion during the last half of the current year due to the housing market's recovery. The company has record income and would like to maximize its cost recovery deduction for the current year( use MACRS table 1,2,3,3 and 5) Acorn provided you with the following information Asset new equipment and tools placed in service August 20 Basis $3,800,000 asset used light-duty trucks placed in service October 17 Basis 2,000,000 asset used Machinery placed in service November 6 Basis $1,525,000 total Basis $7,325,000 the used assers had been contributed to the business by its owner in a tax - deferred transaction two years ago. A) what is Acorn's maximum cost recovery deduction in the current year?

Required information Skip to question   [The following information applies to the questions displayed below.]Cheetah Copy purchased a new copy machine. The new machine cost $140,000 including installation. The company estimates the equipment will have a residual value of $35,000. Cheetah Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows:   Year Hours Used 1 3,000 2 2,000 3 2,000 4 2,000     Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.)     Set up in chart with year 1-4 on side total on bottom with a column for depreciation expense, accumulative depreciation and book value please.

Quary Company is considering an investment in machinery with the following information. Initial investment Useful life Salvage value Expected sales per year (a) Compute the investment's annual income and annual net cash flow. (b) Compute the investment's payback period. Required A Required B Complete this question by entering your answers in the tabs below. $ 335,000 9 years $ 20,000 16,750 units Annual Amounts Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Selling price per unit Compute the investment's annual income and annual net cash flow. Expenses Income Net cash flow $ 75,375 35,000 8,375 $ 10

General Accounting

Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $270,000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year 1 2 3 4 5 6 Year 1 2 3 Hours Used 3,100 1,100 1,200 2,800 2,600 1,200 Required: 1. Prepare a depreciation schedule for six years using the straight-line method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Straight-Line End of Year Amounts Depreciation Expense Accumulated Depreciation Book Value

Required information [The following information applies to the questions displayed below.] University Car Wash purchased new soap dispensing equipment that cost $270,000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year 1 Hours Used 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.) UNIVERSITY CAR WASH Depreciation Schedule-Double-Declining-Balance End of Year Amounts Depreciation Year Expense 1 2 3 4 5 6 Total 0 Accumulated Depreciation Book Value

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k Required information [The following information applies to the questions displayed below] University Car Wash purchased new soap dispensing equipment that cost $234,000 including installation. The company estimates that the equipment will have a residual value of $27,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year 1 Hours Used 2,800 2 1,900 3 2,000 4 2,000 5 6 1,800 1,500 t 3. Prepare a depreciation schedule for six years using the activity-based method. (Round your "Depreciation Rate" to 2 decimal places and use this amount in all subsequent calculations.) ] nces UNIVERSITY CAR WASH Depreciation Schedule-Activity-Based End of Year Amounts Depreciation Year Expense 1 2 3 4 5 6 Total $ Accumulated Depreciation Book Value

Required information [The following information applies to the questions displayed below.] One Stop Copy purchased a new copy machine. The new machine cost $108,000 including installation. The company estimates the equipment will have a residual value of $27,000. One Stop Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Year Hours Used 1 3,000 2 2,000 3 1,600 4 2,400 2. Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint: The asset will be depreciated in only two years.) (Do not round your intermediate calculations.) ONE STOP COPY Depreciation Schedule-Double-Declining-Balance End of Year Amounts Year Depreciation Expense 1 2 3 4 Total Accumulated Depreciation Book Value

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