Please solve in excel and show formulas
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please solve in excel and show formulas
Transcribed Image Text:Problem statement
Warner construction LLC. buys a 2021 Caterpillar skid steer for
$65,000. This new skid steer will bring an annual revenue of $11,500. In
6 years they will replace the skid steer with a new model. At the end of
year 6 the company will be able to salvage 14,500. The company would
like to know what the depreciation and tax benefits will possibly be
using the modified accelerated cost recovery system.
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