What is the basis for depreciation of equipment

Assignment Help Business Management
Reference no: EM132028314

Stone Age Concrete, Inc., purchased cement manufacturing equipment valued at $420,000 on March 14, 2014. The equipment is used for business 100% of the time. The firm's accountant elected to take a $100,000 section 179 deduction. You have been asked to review the depreciation figures used for this equipment.

a. What is the basis for depreciation of this equipment?

b. Show the depreciation schedule for the first five years of operation of this equipment by using MACRS

Reference no: EM132028314

Questions Cloud

What effect will changes in the american family : What effect will changes in the American family have on your place of employment
What is the distinction between ethics and morality : What is the distinction between ethics and morality? How do moral obligations apply to business organizations?
Merck case study questions : Should the performance appraisal and salary administration be revised? Why?
How much depreciation did you claim this year : a. How much depreciation did you claim this year? b. Under the new category, how much depreciation would be claimed?
What is the basis for depreciation of equipment : a. What is the basis for depreciation of this equipment?
What is the basis for depreciation of equipment : a. What is the basis for depreciation of this equipment?
Call the loan in default and foreclose : First Bank and Trust also informs you that if you refuse to cooperate and sell the home without its consent, it will call the loan in default and foreclose.
Creative pricing strategy for memberships : Many country clubs and professional sports teams use a creative pricing strategy for memberships in the case of country clubs or seating
How are each of the costs determined in these categories : In a job order costing environment, costs are accumulated by jobs. How are each of the costs determined in these categories?

Reviews

Write a Review

Business Management Questions & Answers

  Consider anything to change in today

If you could consider anything to change in today's computers that would make your information more secure, what would it be?

  Strategic information systems

Strategic Information Systems (SIS) module entails one assignment. This has been designed to achieve the learning outcomes of the module and to develop the subject understanding of the student.

  Key communication concepts you have gained

Determine the three (3) key communication concepts you have gained from this class. Explain the strengths and weaknesses of each. Propose how do you expect to use these concepts in your organization.

  Researching wan connectivity options

Research major wide area networking (WAN) technologies and protocols that allow for the connecting and transfer of data between remote sites. The three WAN technologies and protocols you will be researching are

  Depict the structure of the compound formed if enough hbr

Draw the structure of the compound formed if enough HBr is added to react with all the double bonds in ocimene

  Power of suppliers in porter five factor analysis

How would you explain the bargaining power of suppliers in Porter's Five Factor analysis?

  Relationships between procedural and substantive rules

What is the relationships between procedural and substantive rules?

  Employee training and employee development

Describe the difference between employee training and employee development. Consider the Management by Inspiration video; explain how individual-centered career planning supports the organization's talent management. How did this impact or not im..

  Examples of forecasting you experience on a regular basis

After reading Chapter 18, think of all the examples of forecasting you experience on a regular basis; such as the weatherman on TV each night. Now, considering the technology we have at our disposal today, why can't we get a "Perfect" forecast?

  Problems associated with a reactive risk strategy

Provide five examples from other fields that illustrate the problems associated with a reactive risk strategy.

  Outline the threats in harley-davidson

Outline the threats in Harley-Davidson's external environmental. Which threats pose the greatest short-term and long-term risks for the company?

  Question about organizational effectiveness

My predecessor had started to develop a propsal, but left and I am to add what is needed to complete the intial stage of problem definition.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd