Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 13 Mar 2018 My Price 8.00

Norton Systems

Depreciation On March 20, 2003, Norton Systems acquired two new assets. Asset A was research equipment costing $17,000 and having a 3-year recovery period. Asset B was duplicating equipment having an installed cost of $45,000 and a 5-year recovery period. Using the MACRS depreciation percentages in Table 3.2 on page 100, prepare a depreciation schedule for each of these assets.

TABLE 3.2

Rounded Depreciation

Percentages by Recovery Year

Using MACRS for First Four

Property Classes

 

Percentage by recovery yeara

Recovery year

3 years

5 years

7 years

10 years

1

33%

20%

14%

10%

2

45

32

25

18

3

15

19

18

14

4

7

12

12

12

5

 

12

9

9

6

 

5

9

8

7

 

 

9

7

8

 

 

4

6

9

 

 

 

6

10

 

 

 

6

11

___

___

___

4

Totals

100%

100%

100%

100%
 

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Mar 2018 10:03 AM My Price 8.00

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