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Author Question: Solve the problem. Round dollar amounts to the nearest cent.Find the depreciation each year for a ... (Read 30 times)

Cooldude101

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Solve the problem. Round dollar amounts to the nearest cent.


Find the depreciation each year for a tractor that was purchased for $9350.00 and placed in service midyear under the MACRS method of depreciation as a 3-year property.
◦ Year 1 Depreciation = $3116.36
Year 2 Depreciation = $7272.44
Year 3 Depreciation = $8657.18
Year 4 Depreciation = $9350.02

◦ Year 1 Depreciation = $3116.36
Year 2 Depreciation = $4156.08
Year 3 Depreciation = $1384.74
Year 4 Depreciation = $692.84

◦ Year 1 Depreciation = $692.84
Year 2 Depreciation = $1384.74
Year 3 Depreciation = $4156.08
Year 4 Depreciation = $3116.36

◦ Year 1 Depreciation = $1870.00
Year 2 Depreciation = $2992.00
Year 3 Depreciation = $1795.20
Year 4 Depreciation = $1077.12


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Marked as best answer by Cooldude101 on Feb 26, 2020

Carissamariew

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Cooldude101

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Reply 2 on: Feb 26, 2020
Great answer, keep it coming :)


upturnedfurball

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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