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i need question 33 answered

i need question 33 answered

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter10: Project Cash Flows And Risk
Section: Chapter Questions
Problem 4PROB
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i need question 33 answered

1,000 Use the following information to answer Questions 31-33: On September 2, 2018, a calendar-year company purchases a used machine (5-year property) for $510,000. The company takes $500,000 of Sec. 179 but elects out of 100% bonus depreciation 31. What is the maximum tax deduction for the machine in 2018? a. $250,000 b. $500,000 c. $502,000 d. $510,000 32. What is the maximum tax deduction for the machine in 2019? d. $35,200 b. $1,600 c. $3,200 a. $17,600 213
Transcribed Image Text:1,000 Use the following information to answer Questions 31-33: On September 2, 2018, a calendar-year company purchases a used machine (5-year property) for $510,000. The company takes $500,000 of Sec. 179 but elects out of 100% bonus depreciation 31. What is the maximum tax deduction for the machine in 2018? a. $250,000 b. $500,000 c. $502,000 d. $510,000 32. What is the maximum tax deduction for the machine in 2019? d. $35,200 b. $1,600 c. $3,200 a. $17,600 213
ering Depreciation 33. What is the maximum tax deduction for the machine in 2023 (Year 6)? a. $0, because the machine has a 5-year recovery period b. $576 c. $3,226 d. $6,451 34. On October 20 of the current year, a company with a December 31 000 year-end purchases a factory for $150,000, which includes $50,000 for the land. What is first-year depreciation for this asset under MACRS? 000 a. $535 b. $53,500 c. $111 d. $2,461 35. Which of the following is not subject to annual IRS depreciation limits? a. An unmodified company van weighing 5,000 pounds b. An unmodified company van weighing 7,500 pounds
Transcribed Image Text:ering Depreciation 33. What is the maximum tax deduction for the machine in 2023 (Year 6)? a. $0, because the machine has a 5-year recovery period b. $576 c. $3,226 d. $6,451 34. On October 20 of the current year, a company with a December 31 000 year-end purchases a factory for $150,000, which includes $50,000 for the land. What is first-year depreciation for this asset under MACRS? 000 a. $535 b. $53,500 c. $111 d. $2,461 35. Which of the following is not subject to annual IRS depreciation limits? a. An unmodified company van weighing 5,000 pounds b. An unmodified company van weighing 7,500 pounds
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