S Depreciation Deduction Accumulated Depreciation Book Value   $  1 $  ✕ 33.33% = $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Johnson Industries purchased a metal-working lathe for $32,000. This item will be used for business 90% of the time. Accountants elected to take a $11,000 section 179 deduction and utilize the special depreciation allowance of 50%.
Prepare a depreciation schedule (in $) using MACRS.
Round all dollar amounts to the nearest cent.

Johnson IndustriesMACRS Depreciation Schedule—Metal-working Lathe

End of Year Basis for Depreciation Recovery Percent = MACRS Depreciation Deduction Accumulated Depreciation Book Value
 
1 33.33% =
2 44.45% =
3 14.81% =
4 7.41% =

 

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