The original cost of a van was 26,000 with an estimated life of 12 years. What is the first-year ...

Author Question: The original cost of a van was 26,000 with an estimated life of 12 years. What is the first-year ... (Read 114 times)

EY67

Hero Member
Posts: 531

on: Jun 24, 2018

The original cost of a van was 26,000 with an estimated life of 12 years. What is the first-year depreciation?

Question 2

What depreciation class is used for the purchase of a barge? Use the MACRS method.

ndhahbi

Sr. Member
Posts: 390

Reply #1 on: Jun 24, 2018

Answer to Question 1

4,331.60;
100 12 = 8.33
8.33 2 = 16.66
26,000 16.66 = 26,000 0.1666 = 4,331.60

Answer to Question 2

10;
Vessels, barges, tugs, and similar water transportation equipment use the 10-year class.

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