Johnson Industries purchased a metal-working lathe for $32,000. This item will be used for business...
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Accounting
Johnson Industries purchased a metal-working lathe for $32,000. This item will be used for business 90% of the time. Accountants elected to take a $11,000 section 179 deduction and utilize the special depreciation allowance of 50%.
Prepare a depreciation schedule (in $) using MACRS.
Round all dollar amounts to the nearest cent.
Johnson Industries MACRS Depreciation ScheduleMetal-working Lathe
End of Year
Basis for Depreciation
Recovery Percent
=
MACRS Depreciation Deduction
Accumulated Depreciation
Book Value
$
1
$
33.33%
=
$
$
$
2
$
44.45%
=
$
$
$
3
$
14.81%
=
$
$
$
4
$
7.41%
=
$
$
$
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