A high-precision programmable router for shaping furniture components is purchased by Henredon for $180,000. It is expected to last 12 years and have a salvage value of $5,000. Calculate the depreciation deduction and book value for each year.
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- A high-precision programmable router for shaping furniture components is purchased by Henredon for $190,000. It is expected to last 12 years and have a salvage value of $5,000. Calculate the depreciation deduction and book value for each year. Use declining balance depreciation with a rate that ensures the book value equals the salvage value.A surface mount PCB placement/soldering line is to be installed for $1,000,000. It will have a salvage value of $90,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using declining balance depreciation using double declining balance switching to straight line depreciation. EOY Depreciation Balance 1 3 4 Sum depreciation Round entry to two decimal places. The tolerance is ±10.A surface mount PCB placement/soldering line is to be installed for $1,400,000. It will have a salvage value of $70,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using declining balance depreciation using double declining balance switching to straight line depreciation. ΕΟΥ 0 1 2 3 4 5 Sum depreciation Depreciation Balance
- A high-precision programmable router for shaping furniture components is purchased by Henredon for $190,000. It is expected to last 12 years and have a salvage value of $5,000. Calculate the depreciation deduction and book value for each year. Use double declining balance depreciation.A surface mount PCB placement/soldering line is to be installed for $1,600,000. It will have a salvage value of $150,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a - Your answer is partially correct. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using straight-line depreciation. EOY 0 1 Depreciation 0 640000 Balances 1600000 960000 2 384000 576000 3 234110 345600A high-precision programmable router for shaping office furniture components (office furniture manufacturing equipment) is purchased by Henredon for $350,000. It is expected to last 12 years. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances. a. What is the MACRS-GDS property class? Provide your answer in year (format example: 3 year) Calculate the depreciation deduction using MACRS- GDS allowances for year 5 = $. (Please provide your response to the nearest integer with no comma or $ sign.) Calculate the book value using MACRS-GDS allowances for year 5 = $. (Please provide your response to the nearest integer with no comma or $ sign.) Assume the asset is sold during the 5th year of use. Calculate the depreciation deduction using MACRS-GDS allowances for year 5 = $. (Please provide your response to the nearest integer with no comma or $ sign.)
- A high-precision programmable router for shaping furniture components is purchased by Henredon for $190,000. It is expected to last 12 years. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances. a. What is the MACRS-GDS property class? b. Assume the complete allowable depreciation schedule is used. c. Assume the asset is sold during the 5th year of use.A pharmacy is planning to purchase a second-hand scanning microscope at a cost of BD10,500, and its estimated salvage value is BD500 and a projected useful life of four years. Determine the depreciation for 4th year using DDB method and complete the depreciation schedules with depreciation values and book values.A surface mount PCB placement/soldering line is to be installed for $1.6 million. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset’s life. Use straight-line depreciation.
- A pharmacy is planning to purchase a second-hand scanning microscope at a cost of BD10,500, and its estimated salvage value is BD500 and a projected useful life of four years. Determine the depreciation for 4th year using DB method and complete the depreciation schedules with depreciation values and book values.A high-precision programmable router for shaping furniture components is purchased by Henredon for $190,000. It is expected to last 12 years and have a salvage value of $5,000. Calculate the depreciation deduction and book value for each year. Use double declining balance switching to straight-line depreciation.A piece of equipment is purchased for $110,000 and has an estimated salvage value of $10,000 at the end of the recovery period. Prepare a depreciation schedule for the piece of equipment using the sum-of-the-years method with a recovery period of seven years. Please answer in excel with each cells formula.