Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is beingused ERecoveryperiod(years)Elapsed timesince purchase(years)AssetInstalled costA$987,0002The remaining book value is $ . (Round to the nearest dollar.)Data Table(Click on the icon located on the top-right corner of the data table below in order to copy its contents into aspreadsheet.)Rounded Depreciation Percentages by Recovery Year Using MACRS forFirst Four Property ClassesPercentage by recovery year*5 yearsRecovery year3 years7 years10 years133%20%14%10%45%32%25%18%15%19%18%14%7%12%12%12%12%9%9%5%9%8%9%7%4%6%6%106%114%Totals100%100%100%100%*These percentages have been rounded to the nearest whole percent to simplify calculations whileretaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actualunrounded percentages or directly apply double-declining balance (200%) depreciation using the half-yearconvention.23 4 5 678 9 은;

Name: Book value Find the book value for the asset shown in the accompanyin
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Description: Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is beingused ERecoveryperiod(years)Elapsed timesince purchase(years)AssetInstalled costA$987,0002The remaining book value is $ . (Round to

In this we have to calculate the accumulated depreciation for 2 years and deduct it from cost of…

Business

Finance

Recovery period (years) Elapsed time since purchase (years) talled cost 987,000 5 2 walue is $ (Round to the nearest dollar.) on located on the top-right corner of the data table below in order to copy its contents into preciation Percentages by Recovery Year Using MACRS for roperty Classes Percentage by recovery year* 5 years year 7 years 10 years 10% 3 years 33% 20% 14% 45% 32% 25% 18% 15% 19% 18% 14% 7% 12% 12% 12% 12% 9% 9% 5% 9% 8% 9% 7% 4% 6% 6% 6% 4% 100% 100% 100% 100% ntages have been rounded to the nearest whole percent to simplify calculations while ism To calculate the actual depreciation for tay purnoses be sure to apply the actual

Recovery period (years) Elapsed time since purchase (years) talled cost 987,000 5 2 walue is $ (Round to the nearest dollar.) on located on the top-right corner of the data table below in order to copy its contents into preciation Percentages by Recovery Year Using MACRS for roperty Classes Percentage by recovery year* 5 years year 7 years 10 years 10% 3 years 33% 20% 14% 45% 32% 25% 18% 15% 19% 18% 14% 7% 12% 12% 12% 12% 9% 9% 5% 9% 8% 9% 7% 4% 6% 6% 6% 4% 100% 100% 100% 100% ntages have been rounded to the nearest whole percent to simplify calculations while ism To calculate the actual depreciation for tay purnoses be sure to apply the actual

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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Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used E Elapsed time since purchase Recovery period (years) Asset Installed cost (years) A $973,000 4 The remaining book value is $ (Round to the nearest dollar.) Enter your answer in the answer box.
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery period (years) 5 Elapsed time since purchase (years) 2 Asset A Installed cost $839,000 The remaining book value is $ (Round to the nearest dollar.) Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Recovery year 1 2 3 4 5 6 7 8 3 years 33% 45% 15% 7% 9 10 11 Totals Percentage by recovery year* 5 years 7 years 20% 14% 32% 19% 12% 12% 5% 25% 18% 12% 9% 8% 7% 6% 6% 6% 4% 100% 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200%) depreciation using the half-year 10 years 10% 18%…
Find the book value for the asset shown in the accompanying table, assuming that MACRS depresiing is being used: View the table attached: Asset Installed Cost Recovery Period (Years) Elapsed time since purchase (Years) A $902,000 5 3
Calculate the total cost, total depreciation, and annual depreciation (in $) for the following assets by using the straight-line method. (Round your answers to the nearest cent.) Cost ShippingCharges SetupCharges TotalCost SalvageValue EstimatedUseful Life(years) TotalDepreciation AnnualDepreciation $76,400 $1,500 $750 $ $4,500 11 $ $
Consider the following data on an asset:Cost of the asset. I $ 120,000Useful life. N 5 yearsSalvage value. S $30.000Compute the annual depreciation allowances and the resulting book valtu.:s.using the following methods:(a) The straight-line depreciation method(b) TI1e declining-balance method
Consider the following data on an asset:Cost of the asset, I $38.000Useful life. N 6 yearsSalvage value. S $0Compute the annual depreciation allowances and the resulting book values by using the DOB method and then switching to the SL method.
Complete a depreciation schedule to enter fixed-asset data in an Excel table, calculate depreciation expense, and analyze the table data. (Chapter 6) Use this information, provided as of 1/31/2019, to create the depreciation schedule as of 1/31/2020 using appropriate headers and a table in which all pertinent information is displayed: Date of Salvage Useful Life Accumulated Value $2,000 $1.300 $900 Fixed Asset Cost Acquisition $32,000 $11.300 $6.900 (years) Depreciation $15,000 $2.000 $4.000 Automobile 1/31/2014 10 Store Fixtures 1/31/2018 Office Equipment 1/31/2015 6 CraftWorld uses the straight-line method of depreciation. In addition to the fixed assets shown, the company acquired new furniture on 1/31/2019. It cost $3,100, has an estimated four-year useful life, and an estimated salvage value of $300. Create the table so each of the six categories shown above is displayed in a separate column (note that some figures may appear different in your 1/31/2020 table than in the 1/31/2019…
onsider the following data on an asset:Cost of the asset, I $235,000Useful life, N 5 yearsSalvage value, S $ 60,000Compute the annual depreciation allowances and theresulting book values, using(a) The straight-line depreciation method.(b) The double-declining-balance method
Consider the following data on an asset:Cost of the asset, I $38,000Useful life. N 6 YearsSalvage value. S $0 Compute the annual depreciation allowances and the resulting book values by using the DOB method and then switching to the SL method.
Valuation of assets. Using the information provided in the following table, find the value of each asset. Asset End of Year Amount A 1 7000 7% 2 7000 3 7000 B 1 through &inf; 600 5% C 1 0 5% 2 0 3 0 4 0 5 45000 D 1 through 5 1000 3% 6 8900 E 1 6000 7% 2 7000 3 9000 4 11000 5 8000 6 5000
An extract of the Asset Register of Ace Pty Ltd (“Ace”) for the 2018 - 2019 Income year isshown as follows:Asset Cost OpeningAdjustableValueMethod EffectiveLifeDecline inValue forThis PeriodClosingAdjustableValuePrinter 1,200 1,200 DiminishingValue3 years 400 800Desks 3,000 2,400 Prime Cost 10 years 300 2,100Appliances 2,600 1,040 Prime Cost 5 years 520 520All depreciable assets are 100% for business use and Ace uses a low-value pool for all eligibleassets. The closing value of the low-value pool at 30 June 2019 was $8,000. Ace purchased a camera on 20 Jan 2020 for $840.Advise Ace of the Income Tax consequences arising out of the above information for the 2019 - 2020 Income year assuming Ace is not a small business entity.
Using the MACRS table in your sildes covering chapters 9-11 and for an asset purchased at a cost of $200.000 and considered class 7, what is the MACRS depreciation for years two through five? a) Second year: b) Third year: d) Fourth year: d) Fifth year:

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