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
To begin with, we require two successive balance sheets and the operating statement or loss and profit account relating the two balance sheets. There are two ways wherein this s

1. Issuance of stock Prepare journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases: a. Jacks

I need project help in Government and nonprofit accounting, can you help me in look out this problems?

Determine Difference between Results Using Marginal Costing and Absorption Costing The overhead absorption rate for product X is Ksh.10 per machine hour. All unit of product X

Labour Costs and Overhead costs Labour Costs Labour costs can be indirect or direct labour costs. Direct labour cost refers to wages paid to workers who such are directly

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

Relationship among Financial Accounting and Cost Accounting The difference among management and cost accounting may be highlighted by using a number of questions namely as;

Marginal analysis finds to equalize the cost of producing one more item (marginal costs) with the revenue gained from selling one more item (marginal revenue).

distinguish between bin card and store ledgre

Piece Rate System - Labour Remuneration However an employee is paid a fixed amount for all units produced irrespective of time in use; the wages payable are computed like fo