How do you calculate depreciation as a percentage of fixed assets?

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jeff jeffy answered 1 year ago

How do you calculate risk-weighted assets?

Notes: Depreciation for the year was recorded - $23 million for existing fixed assets. 1.) Calculate...

Notes: Depreciation for the year was recorded - $23 million for existing fixed assets. 1.) Calculate the New Depreciation necessary for the new equipment purchased this year, assuming Straight-line depreciation. HHL purchased equipment that cost $150,000 on the account. The equipment is expected to last 15 years and has no salvage value. Answer the questions below using question 1: What is the Asset Cost? xxx What is the Salvage Value? xxx What is the Asset Life? xxx...

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How do you calculate depreciation for a like-kind exchange for something that has a 5 year...

How do you calculate depreciation for a like-kind exchange for something that has a 5 year MACRS life using the half life convention (before the law was changed to just real property)?

Teddy's Mattress had beginning net fixed assets of $812 and ending net fixed assets of $1,243. Depreciation was $79

Teddy's Mattress had beginning net fixed assets of $812 and ending net fixed assets of $1,243. Depreciation was $79. What is the amount of net capital spending? Group of answer choices$352$740-$352$510

Calculate the total depreciation for these various assets - All assets are business use. a. Joe...

Calculate the total depreciation for these various assets - All assets are business use. a. Joe purchased a 5 year asset for $700,000 on 6/13/17. Joe wants to take the maximum amount of depreciation possible (Section 179 depreciation). Taxable income for 2017 was $650,000. Calculate the depreciation expense for 2017. Joe sold the asset in 2018. Calculate the depreciation for 2018. b. Sarah purchased an apartment complex on 5/5/17 for $1,100,000. Calculate the deprecation for 2017. She disposed the apartment...

Discuss critically the challenges for a small business of calculating fixed assets depreciation.

Calculate the total depreciation for these various assets - All assets are business use. Joe purchased...

Calculate the total depreciation for these various assets - All assets are business use. Joe purchased a 5 year asset for $1,190,000 on 6/13/2020. Joe wants to take the maximum amount of Sec 179 depreciation as possible. Taxable income for 2020 was $1,125,000. Calculate the depreciation expense for 2020. Joe sold the asset in 2021. Additional first year depreciation was not taken in 2020. Calculate the depreciation for 2021. 2020: 2021: Sarah purchased an apartment complex on 5/5/2020 for $1,100,000....

Tax Depreciation Lab Assignment: Prepare an excel Spreadsheet to calculate MACRS depreciation on the following assets....

Tax Depreciation Lab Assignment: Prepare an excel Spreadsheet to calculate MACRS depreciation on the following assets. Use the MACRS tables to look up the proper % to use for depreciation each year. Business Assets: Date Item Purchased Amount Bus. Use Life Truck 2/05/17 $28,000 100% 5 yr. Mower 2 3/08/17 12,000 100% 7 yr Seeder 3/01/16 3,400 100% 7 yr Equipment 6/25/16 1,595 100% 7 yr Laptop 5/18/16 ...

Why are operating assets and liabilities important? How do we calculate net operating assets?

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