Consider the following MACRS Table for a 5-year asset. If an asset is purchased for $100,000; with
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Question:
Consider the following MACRS Table for a 5-year asset. If an asset is purchased for $100,000; with a shipping and istallation cost of $10,000 and an expected salvage value of $20,000; what is the depreciation expense in the second year? I need to know the steps with a BA ll plus calculator if needed.
Year | Exp. Ratio |
1 | 20.00 |
2 | 32.00 |
3 | 19.20 |
4 | 11.52 |
5 | 11.52 |
6 | 5.76 |
$ 35,200.00 | ||
$ 32,000.00 | ||
$ 28,800.00 | ||
$ 25,600.00 |
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston
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