ethod for year 2 5 53,340. What is first cost? -Depreciation charge for year]? Book value of tooling@end of year

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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company purchased Tooling
with 3 year recovery.
pened. The depreciation
charge by The MACKS
method for year 2
is 53,340.
A. What is first cost?
B Deprecation charge for year]?
C. Book Value of tooling @ end of year 2?
Transcribed Image Text:company purchased Tooling with 3 year recovery. pened. The depreciation charge by The MACKS method for year 2 is 53,340. A. What is first cost? B Deprecation charge for year]? C. Book Value of tooling @ end of year 2?
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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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