Youngblood Shipbuilding Yard just purchased $800,000 in capital equipment for ship repairing functions on dry-docked ships. Estimated
Question:
Youngblood Shipbuilding Yard just purchased $800,000 in capital equipment for ship repairing functions on dry-docked ships. Estimated salvage is $150,000 for any year after 5 years of use. Compare the depreciation and book value for year 3 for each of the following depreciation methods.
(a) GDS MACRS where a recovery period of 10 years is allowed
(b) Double declining balance with a recovery period of 15 years
(c) ADS straight line as an alternative to MACRS, with a recovery period of 15 years
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a MACRS rate for year 3 is 01440 sum of rates for 3 years is 04240 D ...View the full answer
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