10. If an automobile is placed in service in 2022, the limitation for cost recovery in 2024 will be based on the cost recovery limits for the year 2022. True Or False
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10. If an automobile is placed in service in 2022, the limitation for cost recovery in 2024 will be based on the cost recovery limits for the year 2022.
True
Or
False
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- Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) Calculate the following: a. The first year of depreciation on a residential rental building costing $250,000 purchased June 2, 2019.$fill in the blank 2ef717fcefacfe5_1 b. The second year (2020) of depreciation on a computer costing $5,000 purchased in May 2019, using the half-year convention and accelerated depreciation considering any bonus depreciation taken.$fill in the blank 392b41f99f9cfec_1 c. The first year of depreciation on a computer costing $2,800 purchased in May 2019, using the half-year convention and straight-line depreciation with no bonus depreciation.$fill in the blank 8a54e4fe9fac058_1 d. The third year of depreciation on business furniture costing $10,000 purchased in March 2017, using the half-year convention and accelerated depreciation but no bonus depreciation.$fill in the blank 675485ffb004fc2_1Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) Calculate the following: Click here to access the various depreciation tables. If required, round your final answers to the nearest dollar. If your answer is zero, enter "0" b. The second year (2021) of depreciation on a computer that cost $5,000 purchased in May 2020, using the half-year convention and accelerated depreciation considering any bonus depreciation taken.$fill in the blank 41b92bfaafa5018_1 c. The first year of depreciation on a computer costing $2,800 purchased in May 2020, using the half-year convention and straight-line depreciation with no bonus depreciation.$fill in the blank dfbf18f8d052045_1A Company is considering two alternatives with regards to an equipment which it needs. The alternatives are as follows: Alternative A; Purchase Cost of equipment Salvage value Daily operating cost Economic life, years P700,000 100,000 500 10 Alternative B: Rental at P1,500 per day At 18% interest, how many days per year must the equipment be in use if Alternative A is to be chosen.
- Assume the information given in part (c) above. Also assume that the benefits of the input device and processor are expected to flow to Blossom evenly over time, but that the output device is expected to provide the greatest benefits in the early years. Calculate the amount of depreciation for 2023 using the most appropriate methods. (Round percentage to 2 decimal places eg 52.75 and round final answers to the nearest dollar, e.g. 5,275) Depreciation for 2023 $8 Netflix is considering building a new production facility in New Jersey. Netflix's financial team has made the following estimates regarding the costs and benefits of the new production facility in 2023: Sales: 918 Variable Costs: 216 EBIT: 414 Tax Rate: 25% Depreciation: 16 Change in NWC: 61 CapEx: 9 Based on the above information what is the 2023 FCF from this project?Cadet Inc. is considering the purchase of new equipment that will automate production and thus reduce labor costs. Cadet made the following estimates related to the new machinery: (Click the icon to view the information.) Present Value of $1 table Present Value of Annuity of $1 table Future Value of $1 table Future Value of Annuity of $1 table Read the requirements. C Requirement 1. Calculate (a) net present value, (b) payback period, (c) discounted payback period, and (d) internal rate of return. a. Net present value. (Round intermediary calculations to the nearest whole dollar. Use factors to three decimal places, X.XXX, and use a minus sign or parentheses for a negative net present value. Enter the net present value of the investment rounded to the nearest whole dollar.) The net present value is Requirements 1. Calculate (a) net present value, (b) payback period, (c) discounted payback period, and (d) internal rate of return. 2. Compare and contrast the capital budgeting methods in…
- The cost of a LO00 sqt building in 2013 was $30,000. What is the cost of a 1,500 sqt building in 2020 it the cost capacity foctor is 0.80 and the cost index values are 389 and 452 for the years 2013 and 2020, respectively? Oa s25,800 Ob s29.978 C $42,517 Od $49,402 Oe $34,8596. Determine the maximum operating income possible with the expanded plant.$fill in the blank 8 7. If the proposal is accepted and sales remain at the current level, what will the operating income or loss be for the following year?$fill in the blank 9dont mind the questions in the picture, just answer this two What was the estimated gross profit on the project by the end of 2020? P140,000 P160,000 P180,000 P300,000 What was the estimated cost to complete the project at the end of 2020? P1,700,000 P660,000 P1,020,000 P680,000
- Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) Calculate the following: Click here to access the various depreciation tables. If required, round your final answers to the nearest dollar. If your answer is zero, enter "0". c. The first year of depreciation on a computer costing $2,800 purchased in May 2020, using the half-year convention and straight-line depreciation with no bonus depreciation.$fill in the blank dfbf18f8d052045_1 d. The third year of depreciation on business furniture costing $10,000 purchased in March 2018, using the half-year convention and accelerated depreciation but no bonus depreciation.$fill in the blank f2779406dfe8021_1Egyptat Telecom is considering two projects for expansion of a well-known system. Both alternatives are summarized below. Egyptsat's MARR is 0.08 per year for such projects, and repeatability may be assumed. Expansion Project A B Capital Investment 1001000 1250000 Annual Revenue 761400 580700 Annual Expenses 500200 359900 Useful Life 5 8 Salvage Value 100000 150000 a) what is the LCM? b) Calculate AW(A) = ) Calculate AW(B) = d) which alternative should you recommend to Egyptsat Telecom? (1 or 2)b. Table Q4(i) and Q4(ii) provides the information on Item E and Item F for the assessment of Replacement Analysis. Determine the Abandonment period for item E in considering all necessary values. Tables are provided below. Question 4 Table Q4(i) Information on Item E Total Marginal Cost (TC) End of Year EUAC 1 $35k 27k 2 29k 22k 3 25k 21k 4 22k 23k End of Year Table Q4(ii): Information on Item F Total Marginal Cost (TC) EUAC 25k 27k 26k 1 $30k 27k 23k 2 3 4 21k 28k