Calculate the depreciation schedule using five-year life

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Reference no: EM131581284

Depreciation expense. Brock Florist Company buys a new delivery truck for $27,000. It is classified as a light-duty truck.

a. Calculate the depreciation schedule using a five-year life, straight-line depreciation, and the half-year convention for the first and last years. what is the annual depreciation of the truck?

b. Calculate the depreciation schedule using a five-year life and MACRS depreciation,

c. Compare the depreciation schedules from parts (a) and (b) before and after taxes using a 30% tax rate. What do you notice about the difference between these two methods?

Reference no: EM131581284

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