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Author Question: What is the fifteenth-year depreciation of a farm building that originally cost 75,000 and has a ... (Read 147 times)

big1devin

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on: Jun 24, 2018
What is the fifteenth-year depreciation of a farm building that originally cost 75,000 and has a salvage value of 15,000? Use the MACRS method.
 
 

  a.3,346.50
  b.3,345.75
  c.4,432.50
  d.669.30

Question 2

What is the third-year depreciation of a rent-to-own property that originally cost 325,000 and has a salvage value of 50,000? Use the MACRS method.
 
 

  a.55,537.50
  b.7,405
  c.62,400
  d.48,132.50


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ong527

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Reply #1 on: Jun 24, 2018
Answer to Question 1

correct: a

Answer to Question 2

correct: d


big1devin

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

komodo7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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