Ask Experts Questions for FREE Help !
Ask
    LEARNING1's Avatar
    LEARNING1 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jul 21, 2008, 01:01 PM
    Depreciation based on MACRS
    On July 1, 20X6, your calendar year firm purchases for $10,000 a lathe with a 10-year life and a $1,000 salvage value. If your firm does not take a Section 179, how much depreciation will it claim for 20X7 (the following year) based on the partial MACRS table below?

    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%

    A. $3,200
    B. $2,880
    C. $2,449
    D. $4,445
    sherri acrey's Avatar
    sherri acrey Posts: 1, Reputation: 1
    New Member
    		  
    #2

    Jul 21, 2008, 07:02 PM
    Hello, Can you please tell me step by step the staightline deprecication formula from the annual , residual to monthly , accumlated in the simplelist form.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Depreciation and NPV [ 1 Answers ]

Bottoms Up Diaper Service is considering the purchase of a new industrial washer. It can purchase the washer for $6,000 and sell its old washer for $2,000. The new washer will last for 6 years and save $1,500 a year in expenses. The opportunity cost of capital is 16 percent, and the firm’s tax...

Painting Cabinets - Oil based or Water based? [ 1 Answers ]

Going to be painting my oak kitchen cabinets white. I heard that oil based paint would be best, but don't want to deal with the extra mess. Is there anything wrong with using a good acrylic enamel?

View more questions Search