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liberstina [14]
3 years ago
7

Dependable Motors just purchased some MACRS 5-year property at a cost of $216,000. The MACRS rates are .2, .32, and .192 for yea

rs 1 to 3, respectively. Which one of the following will correctly give you the book value of this equipment at the end of year 2? A) $216,000 / (1 + .2 + .32) B) $216,000 ×(1 - .2 - .32) C) $216,000 ×(.20 + .32) D) [$216,000 ×(1 - .20)] ×(1 - .32) E) $216,000 / [(1 + .20)(1 + .32)]
Business
1 answer:
yuradex [85]3 years ago
7 0

Answer:

The correct answer is option B.

Explanation:

The Cost of Property is given at $ 216,000 .

The MACRS rates are 0.2, 0.32 and 0.192 for years 1 to 3 respectively.

Depreciation for the year 1 will be

= $216,000*0.2

= $43,200

Depreciation for the year 2 will be

=$216,000*0.32

=$69,120

Total Depreciation for the year 1 and 2 will be

=$43,200+$69,120

=$112,320

The book value of this equipment at the end of year 2

=$216,000-$112,320

=$103,680

On checking the above value with Answer B that is

=$216,000*(1-0.2-0.32)

=$216,000*0.48

=$103,680

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2 years ago
Josh and Joe are opening a copy store. There are no competing copy stores in the area. They must decide how to organize the busi
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Answer:

(B) be able to transfer ownership without affecting the continuity of the company

Explanation:

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6 0
3 years ago
The following data (in millions) are taken from the financial statements of Target Corporation: Recent Year Prior Year Revenue $
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Answer:

1.88%  and $1,339

Explanation:

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Percentage of change revenue = (Recent year - prior year) ÷ Prior years

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= $1,339 ÷ $71,279

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8 0
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an effect of the sarbanes-oxley act of 2002 was to: multiple choice reduce the circumstances in which one may file securities wi
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4 0
1 year ago
“ She turned to her shoulder partner to make sure that she had all that was presented” This is a active sentence how do you turn
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Answer:

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In order to change the active sentences into passive sentences, the object in the active sentence is changed into the subject. For example in the above given example, the object is shoulder which is changed into the subject and then the sentence is formed accordingly.

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I hope the answer is helpful.

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