Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. depreciation in early 2019, sosa enterprises purch

Depreciation in early 2019, Sosa Enterprises purchased a new machine for $12,100 to make cork...

50.1K

Verified Solution

Question

Finance

image
Depreciation in early 2019, Sosa Enterprises purchased a new machine for $12,100 to make cork stoppers for wine bottles. The machine has a 3-year recovery period and is expected to have a salvage value of $1,890. Develop a depreciation schedule for this asset using the MACRS depreciation percentages in the table Complete the depreciation schedule for the asset below: (Round the percentage to the nearest Integer and the depreciation to the nearest dollar.) Year Depreciation Schedule Cost Percentage (1) (2) $12,100 Depreciation (1) (2)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Solve 625 m 1252m 2 m 514

Algebra
Q

List three changes you would expect in the IR spectrum of 2,3-dibromocinnamic acid as compared to...

Chemistry
Q

1. Glucose has a solubility of 125 g /100 mL. What is the approximate concentration of...

Chemistry
Q

Suppose that the following processes arrive for execution at time 0 in the order A, B,...

Electrical Engineering
Q

2. A capacitor consists of two metal plates, each 200mm by 300mm, spaced 9mm apart. The...

Electrical Engineering
Q

Post a 1- to 2-paragraph analysis of a graph from the news media. Your posting should...

Advance Math
Q

Please explain the structure of the following organelles plasma membrane chloroplast nucleus How does the...

Biology
Q

The side length of each cube is inch What is the volume in cubic inches...

Geometry
Q

Assume that A and B are events If P AUB 0 6 P A 0...

Basic Math
Q

Describe the set of a values shown below using interval and algebraic notation 8 7...

Calculus
Q

Contribution margin less fixed costs yeilds a. operating income b. variable costs c. none of...

Accounting
Q

0.8 points The corporate tax rates are 15 for taxable income il 50,000, 18 for...

Finance