subject
Business, 14.07.2020 23:01 emmaty7845

A global positioning system (GPS) receiver is purchased for $3,000. The IRS informs your company that the useful (class) life of the system is eighteight years. The expected market (salvage) value is $200 at the end of year seven. A. Use the straight line method to calculate depreciation in year three.
B. Use the 200% declining balance method to calculate the cumulative depreciation through year four.
C. Use the MACRS method to calculate the cumulative depreciation through year five.
D. What is the book value of the GPS receiver at the end of year four when straight line depreciation isused?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 07:40
Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000
Answers: 1
question
Business, 22.06.2019 10:30
You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability
Answers: 2
question
Business, 22.06.2019 11:00
When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpret it in the same way. creating a unified promotional message, where potential customers perceive the same message, whether it is in a tv commercial, or on a billboard, or in a blog, is called
Answers: 2
question
Business, 22.06.2019 11:00
What is the correct percentage of texas teachers charged with ethics violations each year?
Answers: 2
You know the right answer?
A global positioning system (GPS) receiver is purchased for $3,000. The IRS informs your company tha...
Questions
Questions on the website: 13722367