I need this done within the next 4 hours, the assignment requires using excel to create a depreciation schedule using?MACRS and claiming bonus depreciation on the computer equipment, and the New Machinery's date is October 15, Year 1.?
Polo Products manufactures truck and bus components. In year 1 it acquires
and puts into service the following:
ASSET DATE COST Used Press
Computer Equipment (new)
New Machinery Feb. 15
July 1 $400,000
$925,000 You may find the following information helpful:
DESCRIPTION CLASS LIFE Equipment ? Manufacture of Motor Vehicles
Special Tooling ? Manufacture of Motor Vehicles 3
5 Determine each asset's entire depreciation schedule using:
1. MACRS and claiming bonus depreciation on the computer equipment, and
the New Machinery's date is October 15, Year 1.
For purposes of this assignment assume 2015 is year 1. For the assignment,
do not worry about actual calendar years, just identify year 1, year 2, etc.
While not required, use of Excel or other spreadsheet software is
recommended for this assignment.
This question was answered on: Sep 18, 2020
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