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Use the double-declining-balance method to make a depreciation schedule for a piece of equipment thats costs $2,780 and has a salvage value of $300. The equipment is expected to be used for four years.

Use the double-declining-balance method to make a depreciation schedule for a piece of equipment thats costs $2,780 and has a salvage value of $300. The equipment is expected to be used for four years.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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4. Use the double-declining-balance method to make a depreciation schedule for a piece of equipment that costs $2,780 and has a salvage value of $300. The equipment is expected to be used for four years. 5. Use the MACRS to make a depreciation schedule for a vehicle that was placed in service at midyear and cost $13,580. The vehicle is to be depreciated over a three-year period. 9. Dabney Wholesale Plant Nursery placed a new greenhouse into service at midyear as a 20-year property under the MACRS depreciation method. Find the depreciation for the greenhouse for year 7 if it has a cost basis of $285,800 and a section 179- deduction of $100,000 is taken. 10. Using the sum-of-the-years'-digits method, find the denominator of the depreciation rates for an asset with an expected life of 24 years.
Transcribed Image Text:4. Use the double-declining-balance method to make a depreciation schedule for a piece of equipment that costs $2,780 and has a salvage value of $300. The equipment is expected to be used for four years. 5. Use the MACRS to make a depreciation schedule for a vehicle that was placed in service at midyear and cost $13,580. The vehicle is to be depreciated over a three-year period. 9. Dabney Wholesale Plant Nursery placed a new greenhouse into service at midyear as a 20-year property under the MACRS depreciation method. Find the depreciation for the greenhouse for year 7 if it has a cost basis of $285,800 and a section 179- deduction of $100,000 is taken. 10. Using the sum-of-the-years'-digits method, find the denominator of the depreciation rates for an asset with an expected life of 24 years.
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