The book value of an asset that is listed as a 10-year MACRS property is $49,500 after the first year. If the asset’s estimated salvage (market) value is $5000 after its 15-year useful life, what was the asset’s original cost basis?            (a) $50,000 (b) $52,105 (c) $55,000 (d) $61,875

What is the depreciation deduction, using 200% DB method, after year 4 for an asset that costs #52811 and has an estimated salvage value of $7,000 at the end of its 5-year useful life? Round your answer to 2 decimal places. Add your answer

An asset with a purchase price of $501,013 falls in the 3-year MACRS asset class.  The asset will be sold at the end of a three year project for $180,745.  What is the book value of the asset at the end of the project? Round your answer to the nearest dollar. Year Depreciable Allowance 1 33% 2 45 3 15 4 7

Economics

Company E recently acquired an asset that has a cost basis of $11,000. The asset’s estimated life is 5 years, after which it will be sold for $1,000. Find the accumulated depreciation by the end of the second year if the sum-of-years digits depreciation is used.

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7. A machine is purchased for $400,000. The machine is classified as MACRS 5-year property. The machine's useful life is 10 years. The estimated salvage value at the end of 10 years is $40,000. Using MACRS depreciation, compute the book value at the end of the third year.

d. The depreciation deduction for year 11 of an asset with a 20-year useful life is $3,600. If the salvage value of the asset was estimated to be zero and straight line depreciation was used to calculate the depreciation deduction for year 11, the initial cost of this asset is most closely equal to which of the following values? (a) $42,000 (b) $67,750 $72,500 (d) $80,000 e. Consider the following data extracted from an After Tax Cash Flow calculation. Before Tax Cash Flow = $22,500 Loan Principal Payment = $7,434 Loan Interest Payment = $892 MACRS Depreciation Deduction = $7,405 Taxes Due = $5,397 Which of the following is closest to the After Tax Cash Flow? (a) $1,372 $8,777 (c) $8,806 (d) $16,211

Calculate the depreciation expense for an asset with the following details: Initial Cost: $50,000 Salvage Value: $5,000 Useful Life: 5 years

What is the depreciation deduction, using 200% DB method, after year 2 for an asset that costs P60430 and has an estimated salvage value of $7,000 at the end of its 5-year useful life? Round your answer to 2 decimal places.