5. Given a $80,000 asset that falls into 7-year class with a salvage value of $1,000....

Transcribed Image Text:

5. Given a $80,000 asset that falls into 7-year class with a salvage value of $1,000. Calculate D (depreciation) using both MACRS and Straight-Line methods. Given the choice, which method would you use and why? Year 1 2 3 4 5 6 7 8 DO 7-Year Asset rate (MACRS) D-MACRS ($) D-SL (S) 5. Given a $80,000 asset that falls into 7-year class with a salvage value of $1,000. Calculate D (depreciation) using both MACRS and Straight-Line methods. Given the choice, which method would you use and why? Year 1 2 3 4 5 6 7 8 DO 7-Year Asset rate (MACRS) D-MACRS ($) D-SL (S)

Answer rating: 100% (QA)

YearMACRS rateDMACRSDSL 1 1429 11429 1128571 2 2449 19592 1... View the full answer