The company buys a research kit for $20,000. At the end of 9 years it can be sold for $600. Uses 60% bond depreciation along with MACRS. Prepare the depreciation schedule and use it to fill in the blanks.
Fill in the blanks:
a) The total depreciation for the first year is $ Answer . The book value for the fifth year is $ Answer . Recapturing depreciation is $ Answer .
b) Send the calculations made to arrive at the answer through the area provided.
Calculations submitted and answer in part (a) must match to receive credit.

Answer rating: 100% (QA)

A The total depreciation for the first year is 12000 B The book va... View the full answer