Some special handling devices can be obtained for $20,000. At the end of 5 years, they can be sold for $2000. Compute the depreciation schedule for the devices using the following methods: (a) Straight-line depreciation (b) Double declining balance depreciation (c) 100% bonus depreciation (d) MACRS depreciation

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Some special handling devices can be obtained for $20,000. At the end of 5 years, they can be sold for $2000. Compute the depreciation schedule for the devices using the following methods:

(a) Straight-line depreciation

(b) Double declining balance depreciation

(c) 100% bonus depreciation

(d) MACRS depreciation

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