Question: A computer system is purchased for 1 8 5 , 0 0 0 it will have a 3 year life and have zero salvage value

A computer system is purchased for 185,000 it will have a 3 year life and have zero salvage value
Using MACRS What is depreciation in year 4?
a.
0
b.
6,508
c.
8,990
d.
13,709

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

A hospital imaging machine system is purchased for 1,850,000 it will have a 5 year life and have zero salvage value Using MACRS What is depreciation in year 6 A hospital imaging machine system is...

Q:

The information is on the requirements section. I am trying to do the general journal, general ledger, trial balance, income statement, statement of owner's equity, balance sheet, & impact on income....

Q:

The following information is for all of the following to completed: general journal, general ledger, trial balance, income statement, statement of owner's equity, balance sheet, & impact on income....

Q:

1. The December 31 inventory count of computer supplies shows $ 620 still available. 2. Three months have expored since the 12- month insrance premium was paid in advance 3. As of December 31, Lyn...

Q:

Serial Problem Business Solutions LO P1, P2, P3, P4, P5 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2017 unadjusted...

Q:

. A company's property records revealed the following information about its plant assets: Machine Salvage Purchase Depreciation Method No. Cost Value Date and Estimated Life No. $42 $42,000 $3,000...

Q:

. A company's property records revealed the following information about its plant assets: Machine Salvage Purchase Depreciation Method No. Cost Value Date and Estimated Life No. SA2 $42,000 $3,000...

Q:

. A company's property records revealed the following information about its plant assets: Machine Salvage Purchase Depreciation Method No. Cost Value Date and Estimated Life No. SA2 $42,000 $3,000...

Q:

Serial Problem Business Solutions LO P1, P2, P3, P4, P5 After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2017 unadjusted...

Q:

100 oo Aer the access of the company two months, Santana y continues to operate Business Solutions. The November 30, 2001 inted walce of Business Sortion of stations for October November of 2020 ACT...

Q:

A finite-element model of a cantilever beam subject to loading and moments (Figure) is given by optimizing ?(x, y) = 5x 2 ? 5xy + 2.5y 2 ? x ? 1.5y Where x = end displacement and y = end moment. Find...

Q:

(a) Organization M/s Banana is an IT consulting company. It is a large-scale company with more than 2000 employees employed to implement ERP/IT solutions to clients. M/s Banana boasts of highly...

Q:

Explain how a firm can alter its risk profile using forward contracts.

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....