On January 1, 2025, Wildhorse Company purchased a machine costing $350000. The machine is in the...
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On January 1, 2025, Wildhorse Company purchased a machine costing $350000. The machine is in the MACRS 5-year recovery class for tax purposes and has an estimated $66000 salvage value at the end of its economic life. Assuming the company uses the general MACRS approach, the MACRS deduction for tax purposes for the year 2025 is 1 Recovery 3-Year Year 2 3 4 5 сл 6 7 00 8 9 10 11 MACRS Depreciation Rates By Class of Property 12 5-Year 7-Year (200% DB) (200% DB) (200% DB) 33.33 44.45 14.81" 7.41 20.00 32.00 19.20 11.52* 5.76 14.29 24.49 17.49 12.49 8.93" 8.92 8.93 4.46 10-Year 15-Year (200% DB) (150% DB) 10.00 18.00 14.40 11.52 9.22 7.37 6.55* 6.55 6.56 6.55 3.28 5.00 9.50 8.55 7.70 6.93 6.23 5.90* 5.90 5.91 5.90 5.91 5.90 20-Year (150% DB) 3.750 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462" 4.461 4.462 4.461 13 14 15 16 17 18 19 20 21 *Switch to straight-line depreciation. 5.91 5.90 5.91 2.95 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 On January 1, 2025, Wildhorse Company purchased a machine costing $350000. The machine is in the MACRS 5-year recovery class for tax purposes and has an estimated $66000 salvage value at the end of its economic life. Assuming the company uses the general MACRS approach, the MACRS deduction for tax purposes for the year 2025 is 1 Recovery 3-Year Year 2 3 4 5 сл 6 7 00 8 9 10 11 MACRS Depreciation Rates By Class of Property 12 5-Year 7-Year (200% DB) (200% DB) (200% DB) 33.33 44.45 14.81" 7.41 20.00 32.00 19.20 11.52* 5.76 14.29 24.49 17.49 12.49 8.93" 8.92 8.93 4.46 10-Year 15-Year (200% DB) (150% DB) 10.00 18.00 14.40 11.52 9.22 7.37 6.55* 6.55 6.56 6.55 3.28 5.00 9.50 8.55 7.70 6.93 6.23 5.90* 5.90 5.91 5.90 5.91 5.90 20-Year (150% DB) 3.750 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462" 4.461 4.462 4.461 13 14 15 16 17 18 19 20 21 *Switch to straight-line depreciation. 5.91 5.90 5.91 2.95 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231
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Step 1 MACRS Modified Accelerated Cost Recovery System is a method of calculati... View the full answer
Related Book For
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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