Modified accelerated cost recovery system, Cost Accounting

Assume new instruments for a firm cost $18,000 with an additional installation fee of $2,000, both of which are depreciable. Finish the depreciation schedule shown below using the Modified Accelerated Cost Recovery System (MACRS) 3-year class.

 

Year

Rate

Basis

Depreciation

1

     

2

     

3

     

4

     

 

 

 

Posted Date: 3/26/2013 9:07:39 AM | Location : United States







Related Discussions:- Modified accelerated cost recovery system, Assignment Help, Ask Question on Modified accelerated cost recovery system, Get Answer, Expert's Help, Modified accelerated cost recovery system Discussions

Write discussion on Modified accelerated cost recovery system
Your posts are moderated
Related Questions
explain various type of cost ccounting

importance of marginal costing &standing costing

Job Costing This is a costing method that is applied when a job or cost unit is relatively of small size, is undertaken to fit the customer's specifications and is of compara

OBJECTIVES OF COST ACCOUNTING : 1-DETERMINING SELLING PRICE 2-CONTROLING COST 3- PROVIDING INFORMATION FOR DESING MAKING 4-ASCERTAINING COSTING PROFIT 5-Facilitating preparation of

Why is it important for financial statements and other external reports to be based on generally accepted accounting principles?

Adele Weiss manages the campus flower shop. Flowers must be ordered three days in advance from her supplier in Mexico. Advance sales are so small that Weiss has no way to estimate

NSC Ltd. has a 31 May fiscal year-end. NSC disposed of its Information Systems Group (ISG) on 31 January 20X3. ISG had a net loss (after taxes) of $37,700,000 in 20X3, to the date

High Bhd acquired shares in two other companies as follows: Additional information: i) Goodwill on acquisition of Swift was impaired by RM80,000 as

the total (ie. aggregated) cashflows in respect to operations, with details of annual cash inflows & annual outflows in respect to operations, the total (ie. aggregated) cashflo