MalMax purchased a depreciable asset. What would be the difference in total assets at the end of the first year if MalMax chooses straight-line depreciation versus double-declining-balance depreciation?
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MalMax purchased a
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- If a computer is initially worth $1,000 and loses half of its value per year, what is its value after three years of depreciation? How much depreciation takes place in the third year?An asset with a cost of $100,000 and accumulated depreciation of $80,000 is sold for $8000.What is the amount of the gain or loss on disposal of the plant asset?Identify the depreciation method used for Double-declining-balance depreciation?
- Assume that a piece of equipment cost $5,000 and had accumulated depreciation of $3,000. What is the book value of the equipment? Is the book value equal to the fair market value of the equipment? Explain.What are the two different ways most firms calculate depreciation?A manufacturer of aerospace products purchased three flexible assembly cells for $500,000 each. Delivery and insurance charges were $35,000, and installation of the cells cost another $50,000. Solve, a. Determine the cost basis of the three cells. b. What is the class life of the cells? c. What is the MACRS depreciation in year five? d. If the cells are sold to another company for $120,000 each at the end of year six, how much is the recaptured depreciation?
- What would be the value of depreciation if Gross domestic capital formation is $33000 and net domestic capital formation is $29,000Write note on why depreciation is important in Economic analysisEquipment costing $20,000 that is a MACRS 5-year property isdisposed of during the second year for $15,000. Calculate anydepreciation recapture, ordinary losses, or capital gains associatedwith disposal of the equipment.