Chap 7 examples

Chap 7 examples - Example 1 A new electric saw for cutting...

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Example 1 A new electric saw for cutting small pieces of lumber in a furniture manufacturing plant has a cost basis of $4,000 and a 10 year useful life. Determine the annual depreciation amounts using the SL method. Estimated SV is zero. Chap 7 examples
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Example 2 Consider the following: Cost of asset = $900 Depreciable life = 5 years Salvage value = $70 Compute the SL depreciation schedule. Chap 7 examples
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Example 3 Rework Example 1 using a) 200% declining balance method b) 150% DBM. Chap 7 examples
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Example 4 Rework Example 2 using a 200% declining balance method. Chap 7 examples
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Example 5 A piece of construction equipment (asset class 15.0) was purchased by a construction company. The cost basis was $300,000. Determine GDS depreciation schedule. Chap 7 examples
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Example 6 Rework Example 5 with the construction company for ADS depreciation deductions. Chap 7 examples
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Example 7 Chap 7 examples
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If taxable income is $90,000, what is the amount of federal tax paid? Chap 7 examples
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Chap 7 examples - Example 1 A new electric saw for cutting...

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