A manufacturer of aerospace products purchased two flexible assembly cells for $500,000 each. Delivery and insurance charges were $34,000, and installation of the cells cost another $52,000. a. Determine the cost basis of the two cells. b. What is the class life of the cells? c. What is the MACRS depreciation in year four? d. If the cells are sold to another company for $150,000 each at the end of year six, how much is the recaptured depreciation? Click the icon to view the partial listing of depreciable assets used in business. Click the icon to view the GDS Recovery Rates (rk). a. The cost basis of the two cells is $ 1,086 thousand. (Round to the nearest whole number.) b. The class life of the cells is 10 years. (Round to the nearest whole number.) c. The MACRS depreciation in year four is $-200.4 thousand. (Round to the nearest whole number.)

An asset with a cost of $100,000 and accumulated depreciation of $80,000 is sold for $8000.What is the amount of the gain or loss on disposal of the plant asset?

How are depreciation deductions different from other production or service expenses such as labor, material, and electricity?

What would be the value of depreciation if Gross domestic capital formation is $33000 and net domestic capital formation is $29,000

Does the inclusion of a depreciation expense reflect the true cost of doing business?

Concepcion Industries paid $308,000 in federal taxes last year. If business expenses and depreciation charges were $345,000, what were their gross sales for the year?

Note: The answer should be typed.

A crane rental company has acquired a new heavy-duty crane for $280,000. The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of its 12-year life is $40,000. If the crane is rented an average of 133 days per year, what is the depreciation rate per rental? The depreciation is per day of rent. (Round to the nearest dollar.)

What are the two different ways most firms calculate depreciation?

An oil refinery has decided to purchase some new drilling equipment for $570,000. The equipment will be kept for 13 years before being sold. The estimated SV for depreciation purposes is to be $16,000. Using the SL method, what is the annual depreciation on the equipment? ..... Choose the correct answer below. A. The annual depreciation on the equipment is $42,615. B. The annual depreciation on the equipment is $45,077. C. The annual depreciation on the equipment is $41,385. D. The annual depreciation on the equipment is $43,846.