Answer:
decrease $49,605
Explanation:
corporation purchased eqipment = $ 300000
ADS recovery period = 10 years
MACRS useful life of 7 years
th eequipment sold for $290,000
The result is option d. Decrease $ 49,605
Answer:
$230,825
Explanation:
VU = [$56,700 × (1 - .35)] / .162
VU= $56,700×0.65/.162
VU=36,855/.162
VU = $227,500
VL = $227,500 + .35($9,500)
VL= $227,500+$3,325
VL= $230,825
Never gunna give you up never gunna let you down, sorry I don’t know the answer, oops…
Answer:
The correct answer is B: $5,600
Explanation:
Giving the following information:
Schager Company purchased a computer system for $40,000. The estimated useful life is 10 years, and the estimated residual value is $5,000.
Double-declining balance method= Netbook value* (2/useful life in years)
Year 1:
Double-declining balance method= (40000-5000)*(2/10)= $7000
Year 2:
Double-declining balance method= (35000-7000)*0.20= $5,600
