4-B:Mortenson has purchased new equipment that initially costs $1,000,000. Setup costs are $100,000 and delivery costs are $50,000. Calculate the year 3 MACRS depreciation of this equipment, which falls into the three-year asset class.

CoursHeroTranscribedText: v <> Ch 4 template.xIs: 202401_FINC X Quiz: Ch 4 HW - Answers X Dashboard X + X C 25 canvas.umw.edu/courses/1476803/quizzes/2649865/take University 202401 D Question 1 2 pts Washington Home Assignments Please complete the following income statement: Account Grades 1 Case A Case B People Sales 250,000 Dashboard Files 9 COGS 200,000 Syllabus Courses Quizzes Gross Profit 150,000 Calendar Modules Operating Expenses 60,000 60,000 3 Student Evaluation Operating Income (EBIT) Inbox of Courses Course Evaluation Interest Expense 10,000 Report History Google Drive Income Before Taxes (EBT) 80,000 Help New Analytics Tax Expense (40%) 92,000 Purchase Course Materials Net Income Office 365 Zoom D Question 2 1 pts What is the year 3 MACRS depreciation? K Type here to search 3:40 PM 52'F Mostly cloudy 1/24/2024 20Page < 1 > of 2 ZOOM + Press Esc| to exit full screen Problem 4-2 Case A Case B Sales $250,000 COGS 200,000 Gross Profit 150,000 Operating Expenses 60,000 60,000 Operating Income (EBIT) Interest Expense 10,000 Income Before Tax (EBT) 80,000 Tax Expense (40%) 92,000 Net Income Table 4-1 MACRS Asset-Class Depreciation Asset Class Year 3-Year 5-Year 7-Year 10-Year 33.33% 20.00% 14.29% 10.00% N - 44.45% 32.00% 24.49% 18.00% 14.81% 19.20% 17.49% 14.40% 7.41% 11.52% 12.49% 11.52% 11.52% 8.93% 9.22% 5.76% 8.92% 7.37% 8.93% 6.55% 4.46% 6.55% 6.56% 6.55% 3.28%

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University of Mary Washington Account Dashboard 9 Courses Calendar 1 Inbox History ? Help Ch 4 template.xls: 202401_FINC X K A 202401 Home Assignments canvas.umw.edu/courses/1476803/quizzes/2649865/take Grades People Files Syllabus Quizzes Modules Student Evaluation of Courses Course Evaluation Report Google Drive New Analytics Purchase Course Materials Office 365 Zoom Type here to search Quiz: Ch 4 HW - Answers 1 D Question 1 D Sales Please complete the following income statement: Case A COGS Gross Profit X Operating Expenses Operating Income (EBIT) Interest Expense Dashboard Income Before Taxes (EBT) Tax Expense (40%) Net Income Question 2 200,000 99+ Ca 60,000 10,000 92,000 What is the year 3 MACRS depreciation? + Case B 250,000 150,000 60,000 80,000 2 pts 1 pts 52°F Mostly cloudy I x Q ⠀ 3:40 PM = 1/24/2024 120 University of Mary Washington Account Dashboard 9 Courses Calendar 1 Inbox History ? Help Ch 4 template.xls: 202401_FINC X K A 202401 Home Assignments canvas.umw.edu/courses/1476803/quizzes/2649865/take Grades People Files Syllabus Quizzes Modules Student Evaluation of Courses Course Evaluation Report Google Drive New Analytics Purchase Course Materials Office 365 Zoom Type here to search Quiz: Ch 4 HW - Answers 1 D Question 1 D Sales Please complete the following income statement: Case A COGS Gross Profit X Operating Expenses Operating Income (EBIT) Interest Expense Dashboard Income Before Taxes (EBT) Tax Expense (40%) Net Income Question 2 200,000 99+ Ca 60,000 10,000 92,000 What is the year 3 MACRS depreciation? + Case B 250,000 150,000 60,000 80,000 2 pts 1 pts 52°F Mostly cloudy I x Q ⠀ 3:40 PM = 1/24/2024 120

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It is given that Cost of asset 1000000 Setup costs 100000 Delivery costs 50000 Total cost will be 10... View the full answer