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Bess [88]
2 years ago
13

An automated assembly robot that cost $400,000 has a depreciable life of 5 years with a $100,000 salvage value. The MACRS deprec

iation rates for years 1, 2, and 3 are 20.00%, 32.00%, and 19.20%, respectively. What is the book value at the end of year 3
Business
1 answer:
OLga [1]2 years ago
3 0

Answer:

book value at the end of year 3 = $115,200

Explanation:

\left[\begin{array}{ccccc}$Year&$Beginning&$Dep-Expense&$Acc. \: Dep&$Ending\\0&-&-&-&400,000\\1&400,000&80,000&80,000&320,000\\2&320,000&128,000&208,000&192,000\\3&192,000&76,800&284,800&115,200\\\end{array}\right]

Year 1 Depreciation expense

400,000 x 20% = 80,000

Year 2 Depreciation expense

400,000 x 32% =128,000

Year 3 Depreciation expense

400,000 x 19.2% = 76,800

Book value = carrying value - depreciation for the year

or

purchase - accumulated depreciation

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