A high-precision programmable Chapter 9, Problem 031 (GO Tutorial) A high precis

Question

A high-precision programmable Chapter 9, Problem 031 (GO Tutorial) A high precision programmable router for shaping furniture components is purchased by Henredon for $175,000. It is expected to last 12 years. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances. a. What is the MACRS-GDS property class? b. Assume the complete allowable depreciation schedule is used. (If there is no amount for a box enter o. All boxes must be filled to be correct.) End of Year de $175,000

Explanation / Answer

a. Asset class 00.12 Information Systems - computers/peripherals (GDS class life 5 years)

b.   

c. Disposal before end of MACRS recovery period results in ½-year depreciation in disposal year, thus

Year Dep BV 1 35000 140000 2 56000 84000 3 33600 50400 4 20160 30240 5 20160 10080 6 10080 10080 7 0 0 8 0 0 9 0 0 10 0 0 11 0 0 12 0 0

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