For the MACRS method of depreciation, identify (a) the six standardized recovery periods for personal property, (b) the two recovery periods for real property, (c) the assumed salvage value for personal property, and (d ) the default recovery period for an asset not in a stated GDS class.

Q: A piece of equipment has a first cost of $399,000.  Annual operating and maintenance cost are…

A: Given Information Original Cost of equivalent = $399,000and operations and maintainace cost =…

Q: A manufacturer of aerospace products purchased three flexible assembly cells for $500,000 each.…

A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the…

Q: Lynn Construction Company had a gross income of $34,000,000 in tax-year 1,$5,000,000 in salaries,…

A:

Q: Under the General Depreciation System (GDS) of asset classification, any asset that is not in a…

A: Depreciation is used to show the fall in the value of assets over time. There are many ways to…

Q: A telephone company purchased a microwave radio equipment for P6,000,000. Freight and installation…

A: Here we calculate the depreciation on the equipment with 2 method by using the given information so…

Q: ABC Corporation makes its policy that for every new equipment purchased, the annual depreciation…

A: Given data:The annual depreciation should not be more than = 20%salvage value = 0

Q: A machine costing P480,000 has a life expectancy of 15 years with a salvage value of 10% of the…

A: Machine initial cost=P480000 Life expectancy=15 years Salvage value= 10% of initial  cost

Q: Software and hardware for optimizing cell design of robotic picking lines have an installed cost of…

A: Initial cost = $ 78000 N = 5 year Value after 5 year, Salvage value = $0 DDB method Formula for…

Q: A touch-sensitive assembly robot that costs $300,000 had a depreciable life of 5 years with an…

A: The cost of the touch-sensitive assembly robot is given to be $300,000 in the economy. The…

Q: Earthmoving equipment with a first cost of $150,000 is expected to have a life of 10 years. The…

A: (a) Salvage value = 0.01 * initial value                        = 0.01 * 150000…

Q: Required information Determine the amount of any depreciation recapture (DR), capital gain (CG), or…

A: The depreciation method utilized in the United States for tax reasons is known as the MACRS, or…

Q: What is the book value of washing machine purchased 3 yr ago for ₱15,000 if it is depreciated using…

A: Life = 5 years   Book value = 15,000

Q: All of the following assets can be depreciated, except: (a) A bulldozer (b) A copper mine (c) A…

A: Depreciation is used to show the fall in the value of assets over time.

Q: what is the Book Value at the end of year 2?

A: Depreciation = (B-S)/n initial cost(B) = $50,000 Salvage value(S) = $10,000 n = 5 years,…

Q: A machine cost Php 1,800,000. It has a salvage value of Php 300,000 at the end of 5 years. If money…

A: Machine cost = 1,800,000 Salvage Value = 300,000 Useful life = 5 Years

Q: Concepcion Industries paid $308,000 in federal taxes last year. If business expenses and…

A: Since January 1, 2018, the federal corporate tax rate in the USA is a flat 21% due to the passage of…