Homework-Chapter 10 i 4 Saved Help Save & Exit Sull Check my wo 12.5 points A piece of newly purchased industrial equipment costs $1.325 million 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. Note: Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to 2 decimal places e.g., 1,234,567.89. eBook Year Beginning Book Value Depreciation Ending Book Value Hint 1 $ 1,325,000.00 $ 189,342.50 $ 1,135,657.50 2 Print $ 1,135,657.50 $ 811,165.00 References 345 $ 811,165.00 $ 579,422.50 $ 579,422.50 $ 413,930.00 $ 413,930.00 $ 295,607.50 6 $ 295,607.50 $ 177,417.50 7 $ 177,417.50 $ 59,095.00 $ 59,095.00 0
Homework-Chapter 10 i 4 Saved Help Save & Exit Sull Check my wo 12.5 points A piece of newly purchased industrial equipment costs $1.325 million 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. Note: Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to 2 decimal places e.g., 1,234,567.89. eBook Year Beginning Book Value Depreciation Ending Book Value Hint 1 $ 1,325,000.00 $ 189,342.50 $ 1,135,657.50 2 Print $ 1,135,657.50 $ 811,165.00 References 345 $ 811,165.00 $ 579,422.50 $ 579,422.50 $ 413,930.00 $ 413,930.00 $ 295,607.50 6 $ 295,607.50 $ 177,417.50 7 $ 177,417.50 $ 59,095.00 $ 59,095.00 0
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
ChapterA: Methods Of Depreciation
Section: Chapter Questions
Problem 4P: Use the information in Problem A-1 to solve this problem. Assume that the van is five-year property...
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