FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Modified Accelerated Cost Recovery System (MACRS) (LO 8.2)
Calculate the following:
Click here to access the various depreciation tables. If required, round your final answers to the nearest dollar. If your answer is
zero, enter "0".
The first year of depreciation on a office building that cost $250,000 purchased June 2, 2022.
4,168 X
b. The second year (2023) of depreciation on a computer that cost $5,000 purchased in May 2022, using the half-year
convention and accelerated depreciation considering
any bonus depreciation taken
Ov
a. The first year of depreciation on a computer costing $2,800 purchased in May 2022, using the half-year convention and
straight-line depreciation with no bonus depreciation
280
b. The third year of depreciation on business furniture costing $10,000 purchased in March 2020, using the half-year
convention and accelerated depreciation but no bonus depreciation.
1,748 x
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Transcribed Image Text:Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) Calculate the following: Click here to access the various depreciation tables. If required, round your final answers to the nearest dollar. If your answer is zero, enter "0". The first year of depreciation on a office building that cost $250,000 purchased June 2, 2022. 4,168 X b. The second year (2023) of depreciation on a computer that cost $5,000 purchased in May 2022, using the half-year convention and accelerated depreciation considering any bonus depreciation taken Ov a. The first year of depreciation on a computer costing $2,800 purchased in May 2022, using the half-year convention and straight-line depreciation with no bonus depreciation 280 b. The third year of depreciation on business furniture costing $10,000 purchased in March 2020, using the half-year convention and accelerated depreciation but no bonus depreciation. 1,748 x
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