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Jackel Industries presents you with the following information. Description 00 Date Purchased 00 Cost 00 Salvage Value 00 Life in Years 00 Depreciation Method 00 Accumulated Depreciation to 12/31/21 00 Depreciation for 2022 Machine A   2/12/20   $142,500   $16,000   10   (a)   $33,350   (b) Machine B   8/15/19   (c)   21,000   5   SL   29,000   (d) Machine C   7/21/18   75,400   23,500   8   DDB   (e)   (f) Machine D   10/15/(g)   219,000   69,000   5   SYD   70,000   (h)   Instructions Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention.

Jackel Industries presents you with the following information. Description 00 Date Purchased 00 Cost 00 Salvage Value 00 Life in Years 00 Depreciation Method 00 Accumulated Depreciation to 12/31/21 00 Depreciation for 2022 Machine A   2/12/20   $142,500   $16,000   10   (a)   $33,350   (b) Machine B   8/15/19   (c)   21,000   5   SL   29,000   (d) Machine C   7/21/18   75,400   23,500   8   DDB   (e)   (f) Machine D   10/15/(g)   219,000   69,000   5   SYD   70,000   (h)   Instructions Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Jackel Industries presents you with the following information.

Description 00 Date Purchased 00 Cost 00 Salvage Value 00 Life in Years 00 Depreciation Method 00 Accumulated Depreciation to 12/31/21 00 Depreciation for 2022
Machine A   2/12/20  
$142,500
  
$16,000
  
10
  
(a)
  
$33,350
  
(b)
Machine B   8/15/19  
(c)
  
21,000
  
5
  
SL
  
29,000
  
(d)
Machine C   7/21/18  
75,400
  
23,500
  
8
  
DDB
  
(e)
  
(f)
Machine D   10/15/(g)  
219,000
  
69,000
  
5
  
SYD
  
70,000
  
(h)

 

Instructions

Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention.

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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