A 120-metric-ton telescoping crane that cost $320,000 is owned by Upper State Power. Salvage is estimated at
Question:
A 120-metric-ton telescoping crane that cost $320,000 is owned by Upper State Power. Salvage is estimated at $75,000.
(a) Compare book values for MACRS and standard SL depreciation over a 7-year recovery period.
(b) Explain how the estimated salvage is treated using MACRS.
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a SL D t 320000750007 35000 per year MACRS D t rate320000 Spreadsheet solution with BV plots follow ...View the full answer
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