Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 3.750% Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 14.40 8.55 6.677 5.6

3. Question 20 Year dt-DBB dt-SL BV 400 133.33 63.33 266.67 88.89 49.33 177.78 3. 59.26 39.44 118.52 4 39.51 32.84 79.01 26.34 29.51 49.51 16.50 29.51 20.00 Above is a 6-year depreciation schedule using DDB depreciation with conversion to SL. The year in which the conversion to SL occurred is most nearly: O Year 3 Year 4 Year 5 O Year 6

Question 27 4.5 pts Complete the equal-payments three-year amortization table. Provide your answer as indicated (A) to (1) below, i.e. (A) = $xxxx %3! (B) = $xxxx Year Beginning Principal Payment Interest Expense Principal Reduction Ending Principal $6,000.00 (A) $480.00 (B) $4,151.80 (C) $2,328.20 (D) $1,996.06 (E) $2,155.74 (F) (G) (H) (1) Edit Format Table 12pt v Paragraph Y B A v ev 2. 3.

Question Content Area Assuming a 360-day year, when a $15,586, 90-day, 7% interest-bearing note payable matures, total payment will be a.$1,091 b.$16,677 c.$15,859 d.$273

A machine that produces cellphone components is purchased on January 1, 2024, for $112,000. It is expected to have a useful life of four years and a residual value of $10,000. The machine is expected to produce a total of 200,000 components during its life. distributed as follows: 40,000 in 2024, 50,000 in 2025, 60,000 in 2026, and 50,000 in 2027. The company has a December 31 year end. (a) Calculate the amount of depreciation to be charged each year, using each of the following methods: i. Straight-line method Straight-line method depreciation $ per year ii. Units-of-production method (Round depreciation per unit to 3 decimal places, e.g. 15.257 and depreciation expense to 0 decimal places, e.g. 125.) Units-of-production method depreciation S per unit

Federal Income Tax Depreciation Rules                                                 Table- Half-Year Convention                                                   200% Declining Balance Year 3 Year 5 Year 7 Year   1   33.33%   20.00%   14.29%   2   44.45%   32.00%   24.49%   3   14.81%   19.20%   17.49%   4     7.41%   11.52%   12.49%   5     11.52%     8.93%             6       5.76%     8.92%   7         8.93%   8         4.46%   Below are four asset purchases made in 2018.              Asset                         Cost                         Date         Office Table                           $1,000                  January 1,         Office Desk                              1,500                  September 29         File Cabinet                            2,000                  October 15         Computer                                6,000…

A manufacturer of aerospace products purchased three flexible assembly cells for $450,000 each. Delivery and insurance charges were $40,000, and installation of the cells cost another $54,000. a. Determine the cost basis of the three cells. b. What is the class life of the cells? c. What is the MACRS depreciation in year three? d. If the cells are sold to another company for $100,000 each at the end of year seven, how much is the recaptured depreciation? Click the icon to view the partial listing of depreciable assets used in business. Click the icon to view the GDS Recovery Rates (rk). a. The cost basis of the three cells is $ thousand. (Round to the nearest whole number.) b. The class life of the cells is years. (Round to the nearest whole number.) c. The MACRS depreciation in year three is $ thousand. (Round to the nearest whole number.) d. The recaptured depreciation is $ thousand. (Round to the nearest whole number.)

plan A plan B plan C Down payment 15,777 28,458 16,632 Annual payments 27,556 10,207 25,948 Years 20 20 20 Discount rate 11% 11% 11% What is the present value of plan A?

QUESTION 25 How long must a capital asset be held to qualify for long term treatment? O A. Six months O B. One year and one day OC. One year O D. Same trade date one year from purchase QUESTION 20 The following taxes are deductible as itemized deductions with the exception of: O A. Local personal property taxes O B. Foreign real property taxes OC. Social security taxes O D. State income taxes

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