M Chapter 9 Eoc Prob x C ezto.mheducation.com/hm.tpx 3. 12.50 points A piece of

Question

M Chapter 9 Eoc Prob x C ezto.mheducation.com/hm.tpx 3. 12.50 points A piece of newly purchased industrial equipment costs $1,110,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in MACRS Table. Required Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Do not round intermediate calculations. Leave no cells blank. Enter "0" when necessary.) Depreciation Ending Book Beginning Beginning Year Book Value Allowance Value References eBook & Resources Learning Objective: 09-02 Analyze a project's projected cash flows. Worksheet Difficulty: Basic Check my work E Save & Exit submit 6:16 PM 10/28/2015

Explanation / Answer

Year Beginning book value Depreciation allowance Ending book value 1 1110000 158619 951381 2 951381 271839 679542 3 679542 194139 485403 4 485403 138639 346764 5 346764 99123 247641 6 247641 99012 148629 7 148629 99123 49506 8 49506 49506 0

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