Compute honey corps depreciation using macrs

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Reference no: EM131960820

Problem

Practice 1. The initial cost for the proposed project is $75,000. The project will generate the following each year:

The initial cost of the project will be paid off in how many years?

Year 1 $5,000
Year 2 $10,000
Year 3 $15,000
Year 4 $20,000
Year 5 $25,000
Year 6 $30,000
Year 7 $35,000
Year 8 $40,000
Year 9 $45,000
Year 10 $50,000

Practice 2. The Honey Corp. acquired computers for installed cost of $30,000. Compute their depreciation using MACRS.

Reference no: EM131960820

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