+A LA $ Johnson Industries purchased a metal-working lathe for $36,000. This item will be used for business 90% of the time. Accountants elected to take a $15,000 section 179 deduction and utilize the special depreciation allowance of 50%. Prepare a depreciation schedule (in $) using MACRS. Round all dollar amounts to the nearest cent. MACRS Depreciation Deduction Accumulated Depreciation Book Value $ +A Johnson Industries MACRS Depreciation Schedule-Metal-working Lathe End of Year Basis for Depreciation Recovery Percent 1 2 3 $ 4 $ $ A ✓ 33.33% = 44.45% = 14.81% 7.41% = A $ $ +A A +A +A +A +A

A small truck is purchased for $22,000. It is expected to be of use to the company for 9 years, after which it will be sold for $4,000. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset’s life. Part a Use straight-line depreciation: EOY Depreciation Deduction Unrecovered Investment 0   $enter a dollar amount 1 $enter a dollar amount $enter a dollar amount 2 $enter a dollar amount $enter a dollar amount 3 $enter a dollar amount $enter a dollar amount 4 $enter a dollar amount $enter a dollar amount 5 $enter a dollar amount $enter a dollar amount 6 $enter a dollar amount $enter a dollar amount 7 $enter a dollar amount $enter a dollar amount 8 $enter a dollar amount $enter a dollar amount 9 $enter a dollar amount $enter a dollar amount Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is ±10.…

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On 1/1/23, Dugout Co buys a piece of equipment for $512,000. It is estimated that the equipment will have a salvage value of $80,000 at the end of its expected useful life of 8 years. REQUIREMENTS: 1. Prepare a depreciation schedule using the following methods: a. Straight-line (SL) b. Sum-of-the-years'-digits (SYD) c. Declining balance - 200% (DDB) 2. Assume that the original purchase was made on 5/1/23. Using the "exact" method, determine the yearly depreciation expense for the following depreciation methods: a. SL b. SYD c. DDB What would the "Half-Year" convention look like for SL? 3. Assume that in 2026, it is discovered that the original purchase (on 1/1/23) was expensed rather than capitalized. Give JE's, ignoring the tax effects, required during 2026 if the DDB method is used. 4. Assume that in 2027, the estimated salvage value is decreased by $45,000 and the expected useful life is changed to a total of 9 years from date of purchase (1/1/23). Prepare depreciation schedules for…