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algorithmic Question Help Your company has purchased a large new trucktractor for

Problem 7-11 (algorithmic) Question Help Your company has purchased a large new trucktractor for over-the-road use (asset claYour company has purchased a large new trucktractor for​ over-the-road use​ (asset class​ 00.26). It has a cost basis of ​$183,000. With additional options costing ​$16,000​, the cost basis for depreciation purposes is ​$199,000. Its MV at the end of five years is estimated as ​$45,000. Assume it will be depreciated under the​ GDS:
a. What is the cumulative depreciation through the end of year two​?
b. What is the MACRS depreciation in the fourth ​year?
c. What is the BV at the end of year two​?
LOADING... Click the icon to view the partial listing of depreciable assets used in business.
LOADING... Click the icon to view the GDS Recovery Rates ​(r Subscript k​).
a. The cumulative depreciation through the end of year two is​$
nothing.​ (Round to the nearest​ dollar.)

Problem 7-11 (algorithmic) Question Help Your company has purchased a large new trucktractor for over-the-road use (asset class 00.26). It has a cost basis of $183,000. With additional options costing $16,000, the cost basis for depreciation purposes is $199,000. Its MV at the end of five years is estimated as $45,000. Assume it will be depreciated under the GDS: a. What is the cumulative depreciation through the end of year two? b. What is the MACRS depreciation in the fourth year? c. What is the BV at the end of year two? Click the icon to view the partial listing of depreciable assets used in business. Click the icon to view the GDS Recovery Rates (Tk). a. The cumulative depreciation through the end of year two is $ . (Round to the nearest dollar.)

Feb 07 2020 View more View Less

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