
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Desk purchased July 12 for $2,000; 8-year useful life; $600 salvage value. Calculate MACRS
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- Give 3 difference between depreciation and capital lossarrow_forwardLabor costs, materials, all direct and indirect costs, and facilities and productive equipment with a useful life of one year or less are usually depreciated. O True O Falsearrow_forwardAn asset with a cost of $100,000 and accumulated depreciation of $80,000 is sold for $8000.What is the amount of the gain or loss on disposal of the plant asset?arrow_forward
- Give typing answer with explanation and conclusionarrow_forward3. You purchased a 5-year property class item for $60,000. After using this item for 3 years you sold it for $5,000. What is your gain or loss for tax purposes? Use MACRS depreciation method.arrow_forwardGiven: Desk purchased January 12 for $2,000; 8-year useful life; $600 salvage value. Calculate depreciation, to the nearest dollar, for year 2 using the 200% declining-balance method.arrow_forward
- A laboratory centrifuge costs $79,000 and has a $5530 salvage value with an 8-year recovery period. Use the double declining balance method with switch over to straight line to tabulate the depreciation schedule at the end of each year. Remember to not depreciate below salvage.arrow_forward4. New equipment used in construction with a cost basis of $60,000 with a zero salvage value at the end of its useful life of 6 years. Use the Double Declining method to calculate the depreciation charge in year 4. $7,494 $2,633.75 $5,925.93 $10,000arrow_forwardAn asset for drilling was purchased and placed in service by a petroleum production company. Its cost basis is $60,000, and it has an estimated MV of $12,000 at the end of an estimated useful life of 14 years. Double declining balance method is used to calculate the depreciation cost. a. What is the book value of the asset at the end of 5 years? b. What is the depreciation amount in the third year?arrow_forward
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