Your company has paid $150,000 for heat exchangers for use in petroleum drilling, which it believes will have $15,000 salvage value at the end of the 5-year useful life. Compute the depreciation schedule as indicate in the tables below. Straight-line Depreciation | Book Value | Depreciation | Book Value Year Double declining balance 0150 60% 36¢ 1 12)k 32.4 1944 12く 12.96 4.2584 4 Year 20% bonus + MACRS МАCRS Depreciation | Book Value | Depreciation Book Value Tsok 20 40 52 39,2 31/.52 1 ג כב 36.3k 2 3 E5.93K T8.024 ll.32 /58.334 11.52 3.76 711.52 4 5 12.34K 23.16 23

Your company has paid $150,000 for heat exchangers for use in petroleum drilling, which it believes will have $15,000 salvage value at the end of the 5-year useful life. Compute the depreciation schedule as indicate in the tables below. Straight-line Depreciation | Book Value | Depreciation | Book Value Year Double declining balance 0150 60% 36¢ 1 12)k 32.4 1944 12く 12.96 4.2584 4 Year 20% bonus + MACRS МАCRS Depreciation | Book Value | Depreciation Book Value Tsok 20 40 52 39,2 31/.52 1 ג כב 36.3k 2 3 E5.93K T8.024 ll.32 /58.334 11.52 3.76 711.52 4 5 12.34K 23.16 23

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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