Ronald decided to install machinery that cost him $ 10000. After period of 1 year, accountant recorded the value of machinery $9000. Calculate the depreciation amount.

A pump costs $7000 has a life of 5 years with no salvage value.  What is the SL depreciation amount for each year?  Assume the depreciation will take over the entire life.

Give 3 difference between depreciation and capital loss

If depreciation is $604 million and gross value is $800 million Find the value of net value

A machine has a 1st cost of P 140,000 and a life of 8 years with a salvage value of P10,000 at the end of its useful life. Using double declining balance method   a. What is the Book Value on the 3rd year?   b. What is the depreciation charge in the 4th year?

3. You purchased a 5-year property class item for $60,000. After using this item for 3 years you sold it for $5,000. What is your gain or loss for tax purposes? Use MACRS depreciation method.

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Lombard Company is contemplating the purchase of a new​ high-speed widget grinder to replace the existing grinder. The existing grinder was purchased 2 years ago at an installed cost of $57,400​; it was being depreciated under MACRS using a​ 5-year recovery period. The existing grinder is expected to have a usable life of 5 more years. The new grinder costs $103,300 and requires $5,200 in installation​ costs; it has a​ 5-year usable life and would be depreciated under MACRS using a​ 5-year recovery period. Lombard can currently sell the existing grinder for $69,900 without incurring any removal or cleanup costs. To support the increased business resulting from purchase of the new​ grinder, accounts receivable would increase by $40,800​, inventories by $29,900​, and accounts payable by $57,900. At the end of 5​ years, the existing grinder would have a market value of​ zero; the new grinder would be sold to net $28,600after removal and cleanup costs and before taxes. The firm is subject…

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A $150,000 asset has been depreciated with the straight-line method over an 8-year life. The estimated salvage value was $30,000. At the end of the fifth year, the asset was sold for $90,000. From a tax perspective, what is happening at the time of disposal and what is the dollar amount?