How do you get the fourth year annual

Assignment Help Financial Accounting

Reference no: EM133326795

Case: A taxpayer on January 1 purchased new manufacturing equipment with an $80,000 cost, that the taxpayer intends to use it for an 8-year period, and the equipment will have a salvage value at the end of the 8 years. The equipment also has an A.D.R class life of 8 years and is therefore classified as 5-year property with a 5-year recovery period under MACRS. The comparative depreciation results are illustrated in the following chart:

Question 1) From the 200% D.B, why is the fourth year annual is 9220? How do you get the fourth year annual, fifth year and the sixth year?

Question 2) How do you calculate alternative depreciation? Can someone show me the steps for each year of the alternative depreciation?

Reference no: EM133326795

Questions Cloud

Discuss the key points of the labeling theory : Discuss the key points of the labeling theory and the consequences of labeling. Include in your discussion the concepts of primary and secondary deviance.

What is the interest receivable as of february 1st : Assuming no other transaction happened, what is the interest income reported on the annual Income Statement of March 1st

Order to pursue her business degree and aims to graduate : degree and aims to graduate within the next three years. Help Jamie Lee Jackson with making smart personal finance decisions

Why must an investigator, be fully educated, trained, aware : Why must an Investigator, be FULLY Educated, Trained, Aware, Accountable and Responsible to know the Law of Search and Seizure, and all the appropriate

How do you get the fourth year annual : From the 200% D.B, why is the fourth year annual is 9220? How do you get the fourth year annual, fifth year and the sixth year

Research human services program : My research project for my program (Human Services) is on creating meaningful employment opportunities for individuals with physical.

Explain the development of criminalization change : A contemporary example Same-sex marriages (U.S. or international) of an act that has been criminalized, legalized, or switched from being a misdemeanor

Describe which types of cash flows are free : Describe which types of cash flows are free and which are not. How do free cash flows available for debt and equity stakeholders differ from free cash flows

How can social systems intersect to afford social privileges : How can social systems intersect to afford or deny social privileges, either opening or closing doors for compassionate and equitable End of Life care?

User Account

All Pages