I need all solution........ !Required informationProblem 10-51 (LO 10-2) (Algo)[The following information applies to the questions displayed below.]On June 12 of year 1, Javier purchased a building, including the land it was on, to assemble his new equipment. The totalcost of the purchase was $1,496,000; $496,000 was allocated to the basis of the land and the remaining $1,000,000 wasallocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not roundintermediate calculations. Round your answers to the nearest whole dollar amount.)Problem 10-51 Part a (Algo)a. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3?DepreciationYeardeduction123 b. What would be the year 3 depreciation deduction if the building was sold on March 15 of year 3?Year 3 depreciation deduction

To solve this problem, we need to use the MACRS tables provided and follow the instructions…

Answered: ! Required information Problem 10-51…

Principles of Accounting Volume 1

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Chapter11: Long-term Assets

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Required information [The following information applies to the questions displayed below.) On November 10 of year 1, Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,200,000; $300,000 was allocated to the basis of the land, and the remaining $900,000 was allocated to the basis of the building (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5) Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. b. What would be the year 3 depreciation deduction if the building was sold on August 1 of year 3? Answer is complete but not entirely correct. Year 3 depreciation deduction $ 23,076
! Required information [The following information applies to the questions displayed below.] On May 17 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,142,000; $342,000 was allocated to the basis of the land and the remaining $800,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) b. What would be the year 3 depreciation deduction if the building was sold on November 22 of year 3? Year 3 depreciation deduction
Required information Problem 10-51 (LO 10-2) (Algo) [The following information applies to the questions displayed below.] On June 12 of year 1, Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,496,000; $496,000 was allocated to the basis of the land and the remaining $1,000,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Problem 10-51 Part a (Algo) a. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Depreciation deduction Year 1 2 3
Required information [The following information applies to the questions displayed below.] On January 8 of year 1 Javier purchased and placed in service a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,399,500; $322,000 was allocated to the basis of the land and the remaining $1,077,500 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) a. Using MACRS, what is Javier’s depreciation deduction on the building for years 1 through 3? b. What would be the year 3 depreciation deduction if the building was sold on February 26 of year 3? d. Assume the building is residential property. Using MACRS, what is Javier’s depreciation deduction on the building for years 1 through 3?
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! Required information [The following information applies to the questions displayed below.] ▬▬ On June 12 of year 1, Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,496,000; $496,000 was allocated to the basis of the land and the remaining $1,000,000 was allocated to the basis of the building. (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. e. What would be the depreciation for 2023, 2024, and 2025 if the property were nonresidential property purchased and placed in service June 12, 2006 (assume the same original basis)? Year 2023 2024 2025 Depreciation Expense
[The following information applies to the questions displayed below.] On December 2 of year 1, Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,620,000; $385,000 was allocated to the basis of the land and the remaining $1,235,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2. Table 3, Table 4 and Table 5.) Note: Do not round Intermediate calculations. Round your answers to the nearest whole dollar amount. a. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Depreciation Expense Year 1 Year 2 Year 3
Dengar
Required information Problem 10-51 (LO 10-2) (Static) [The following information applies to the questions displayed below.] On November 10 of year 1, Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,200,000; $300,000 was allocated to the basis of the land, and the remaining $900,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Problem 10-51 Part e (Static) e. What would be the depreciation for 2023, 2024, and 2025 if the property were nonresidential property purchased and placed in service November 10, 2006 (assume the same original basis)? Year 2023 2024 2025 Depreciation Expense
Sh7 Please help me. Solution Thankyou.
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dppiies displayed On October 7 of year 1, Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,304,500; $242,000 was allocated to the basis of the land and the remaining $1,062,500 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) d. Assume the building is residential property. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Depreciation Expense Year 1 Year 2 $ 38,633 Year 3 $ 38,633

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