Problema robot designed to install several parts on a motor, Ask an Expert

Accounting

Problem:

A robot designed to install several parts on a motor by a tractor manufacturer cost corporation G $150,000 plus $25,000 for installation. The machine fits the 5 year classification under MACRS.

Requirement:

Question 1: Using the MACRS method of depreciation, what is the amount of depreciation taken in year 1?

Question 2: What is the book value of the robot at end of year 1?

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167838

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