Using the table below, answer problems 1-3 below: STRAIGHT DEPR МACRS DDB YEAR BV rate DEP BV DEP BV 200000 200000 200000 $26,286 $173,714.29 $26,286 $26,286 $26,286 $26,286 $26,286 $26,286 $26,286 9. $57,143 $28,580.00 $48,980.00 $34,980.00 $24,980.00 $17,860.00 $17,840.00 $17,860.00 $8,920.00 $142,857 $102,041 $72,886 $52,062 $37,187 $26,562 $18,973 $171,420.00 $122,440.00 $40,816 $29,155 0.1429 $147,428.57 $121,142.86 $94,857.14 $68,571.43 $42,285.71 $16,000.00 0.2449 $87,460.00 $62,480.00 3. 0.1749 $20,825 $44,620.00 $14,875 $10,625 4 0.1249 5n 0.0893 $26,780.00 $8,920.00 $0.00 0.0892 0.0893 $7,589 0.0446 10 11 2. If (n) is 7 years (recovery period), what is the book value for each method at the end of its recovery period? 3. Which method has a salvage value ($16,000) that has not been met at the end of the recovery period? 708
Using the table below, answer problems 1-3 below: STRAIGHT DEPR МACRS DDB YEAR BV rate DEP BV DEP BV 200000 200000 200000 $26,286 $173,714.29 $26,286 $26,286 $26,286 $26,286 $26,286 $26,286 $26,286 9. $57,143 $28,580.00 $48,980.00 $34,980.00 $24,980.00 $17,860.00 $17,840.00 $17,860.00 $8,920.00 $142,857 $102,041 $72,886 $52,062 $37,187 $26,562 $18,973 $171,420.00 $122,440.00 $40,816 $29,155 0.1429 $147,428.57 $121,142.86 $94,857.14 $68,571.43 $42,285.71 $16,000.00 0.2449 $87,460.00 $62,480.00 3. 0.1749 $20,825 $44,620.00 $14,875 $10,625 4 0.1249 5n 0.0893 $26,780.00 $8,920.00 $0.00 0.0892 0.0893 $7,589 0.0446 10 11 2. If (n) is 7 years (recovery period), what is the book value for each method at the end of its recovery period? 3. Which method has a salvage value ($16,000) that has not been met at the end of the recovery period? 708
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
It's urgent please solve asap.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education