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Homework 29 - 3 In May 2009 your company purchased a new...

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Homework 29 1. A new electric saw for cutting small pieces of lumber in a furniture factory has a cost basis of $4000, a 5-year depreciable life, and no salvage value. Calculate the annual depreciation amounts and book values each year using double-declining-balance switching to straight-line depreciation. 2. Repeat Problem 1 using the MACRS with a 5-year recovery period.
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Unformatted text preview: 3. In May 2009, your company purchased a new computer system for $32,500. Assume your tax year runs from October 1 to September 30. Under the MACRS GDS, what was your depreciation amount for the tax year that ended on September 30, 2011? What was your book value at the end of that year?...
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