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courseherod courseherod
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6 years ago
The Modified Accelerated Cost Recovery System (MACRS) applies to depreciation for all assets put into service after ___________________________.
 Fill in the blank(s) with correct word

Q. 2

The rate of depreciation is obtained by dividing the estimated life in years into _________ and multiplying by __________.
 Fill in the blank(s) with correct word

Q. 3

The original cost of a dirt bike was 9,000 with an estimated life of 10 years. What is the end-of-year book value?

Q. 4

The life of a toaster oven is 8 years. The original cost of the toaster oven was 200 and the salvage value was 75. What is the third-year depreciation?

Q. 5

James bought a wave runner at the beginning of the year for 7,500. The wave runner has an estimated life of 4 years and a salvage value of 2,000 at the end of the 4-year period. What is the book value after the first year?

Q. 6

The original cost of a car was 32,000 with an estimated life of 8 years. What is the first-year depreciation?
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errybuns123errybuns123
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6 years ago
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courseherod Author
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#2
6 years ago
Appreciate this a lot, answers were right.
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