) WindPower Inc. designs and commissions the manufacture of a wind-powered inverter-based constant voltage generator for...
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) WindPower Inc. designs and commissions the manufacture of a wind-powered inverter-based constant voltage generator for research and experimentation with low-rated, highly variable wind fields as a form of alternative energy. The unit cost $35,000 plus $3,000 for shipping and installation. After 3 years, WindPower had no further use for the experimental unit and was able to sell it for $2,000, less $500 for removal. WindPower had depreciated the generator cost over the 3-years with the estimated life of 5 years and terminal book value of $1,000. a) What is the total investment cost for this generator? b) What is the net market value actually received after 3 years? c) Compute the book value at the end of 3 years if double declining balance, switching to straight line depreciation method was used. ) WindPower Inc. designs and commissions the manufacture of a wind-powered inverter-based constant voltage generator for research and experimentation with low-rated, highly variable wind fields as a form of alternative energy. The unit cost $35,000 plus $3,000 for shipping and installation. After 3 years, WindPower had no further use for the experimental unit and was able to sell it for $2,000, less $500 for removal. WindPower had depreciated the generator cost over the 3-years with the estimated life of 5 years and terminal book value of $1,000. a) What is the total investment cost for this generator? b) What is the net market value actually received after 3 years? c) Compute the book value at the end of 3 years if double declining balance, switching to straight line depreciation method was used.
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a The total investment cost for the generator can be calculated by summing up the initial cost shipp... View the full answer
Related Book For
Taxation Of Individuals And Business Entities 2023 Edition
ISBN: 9781265790295
14th Edition
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham
Posted Date:
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