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.   Part b Use declining balance depreciation using a rate that ensures the book value equals the salvage value: EOY Depreciation Deduction Unrecovered Investment 0     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   Part c     Use sum-of-years'-digits 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 Part d Use double declining balance 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

ABC Healthcare purchases a long term asset for $750,000.00 with an estimated life of 7 years and a scrap value of $150,000. You do not need to show Excel formulas but mathematical formulas in the space provided Instructions: Compute the depreciation under each of the following methods for the first 4 years. Straight Line Year 1 3 4 Depreciation Show formula here DDB Year 1 Depreciation Show formula here 2 3 4 SYD Year 1 Depreciation Show formula here 2 3 4

The following relates to a proposed equipment purchase: Cost $160,000 Salvage value $6,500 Estimated useful life 4 years Annual net cash flows $ 54,100 Straight-line Depreciation method Ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is: Multiple Choice $52,475 $92,475 $17,350 O $15,725

Haresh

Q.1 Finx, Inc., purchased a truck for $35,000. The truck is expected to be driven 15,000 miles per year over a five-year period and then sold for approximately $5,000. Determine depreciation for the first year of the truck's useful life by the straight-line.

Chapter 10, Question 5

Manji

am Warren Company plans to depreciate a new building using the double declining balance depreciation method. The building cost is $780,000. The estimated residual value of the building is $48,000 and it has an expected useful life of 25 years. What is the building's book value at the end of the first year? Grew H Multiple Choice O $717,600 $62,400 $31,200 $33.850 < Prev

Find the depreciation for the third year using MACRS cost-recovery rates for the property placed in service at midyear. The property is a 3-year property and was purchased for $98,452. Click the icon to view a table of MACRS rates. X The depreciation is $. (Round to the nearest cent as needed.) MACRS Table Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 3-Year 33.33% 44.45 14.81 7.41 Depreciation rate for recovery perioa 5-Year 7-Year 10-Year 15-Year 20.00% 10.00% 5.00% 14.29% 32.00 19.20 11.52 11.52 5.76 24.49 17.49 12.49 8.93 8.92 8.93 4.46 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 20-Year 3.750% 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461

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