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Title: A firm is considering purchasing an asset that will cost $1 million. Other depreciable costs include ... Post by: stranahan on Nov 17, 2016 A firm is considering purchasing an asset that will cost $1 million. Other depreciable costs include $100,000 in installation costs. If the asset is classified in the 3-year class, what is the annual depreciation for each year for this asset using the fixed depreciation percentages given by MACRS? (The percentages are 33.33%, 44.45%, 14.81%, and 7.41%, respectively.)
A) $366,630, $488,950, $81,510, and $81,510 for years 1, 2, 3, and 4, respectively B) $366,667, $366,667, $366,667 and $0 for years 1, 2, 3, and 4, respectively C) $275,000, $275,000, $275,000, and $275,000 for years 1, 2, 3, and 4, respectively D) $366,630, $488,950, $162,910, and $81,510 for years 1, 2, 3, and 4, respectively Title: Re: A firm is considering purchasing an asset that will cost $1 million. Other depreciable costs ... Post by: crackerspoppy on Nov 17, 2016 Content hidden
Title: Re: A firm is considering purchasing an asset that will cost $1 million. Other depreciable costs include ... Post by: stranahan on Jan 6, 2017 Thank you for the help. I had a few questions on a few of them and this really confirmed my answers.
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