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    vasqofootball
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    An old dental asset was sold for $253,000 after being used for 3 years with an original cost of $568,000 and a 5-year MACRS depreciation. A new dental asset was acquired for $870,000 with no change to net working capital. A coffee roasting business acquired a new asset for $130,000 on a 7-year MACRS schedule and sold an old asset for $35,000 that originally cost $60,000 and was used for 4 years with a 7-year MACRS. The business has various assets, liabilities, and equity.

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    Book1

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    An old dental asset was sold for $253,000 after being used for 3 years with an original cost of $568,000 and a 5-year MACRS depreciation. A new dental asset was acquired for $870,000 with no change to net working capital. A coffee roasting business acquired a new asset for $130,000 on a 7-year MACRS schedule and sold an old asset for $35,000 that originally cost $60,000 and was used for 4 years with a 7-year MACRS. The business has various assets, liabilities, and equity.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    12 views2 pages

    Book 1

    Uploaded by

    vasqofootball
    An old dental asset was sold for $253,000 after being used for 3 years with an original cost of $568,000 and a 5-year MACRS depreciation. A new dental asset was acquired for $870,000 with no change to net working capital. A coffee roasting business acquired a new asset for $130,000 on a 7-year MACRS schedule and sold an old asset for $35,000 that originally cost $60,000 and was used for 4 years with a 7-year MACRS. The business has various assets, liabilities, and equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    miler dental

    old asset cost 568,000


    ussed 3
    sold 253,000
    MACRS 5
    new asset cost 870,000
    net working capital 0
    dupree coffee roasters MACRS 7-YEARS
    new asset cost 130,000 1 14%
    old asset cost 60,000 2 25%
    jual 35,000 3 18%
    n 4 year 4 12%
    MACRS 7 year 5 9%
    40% 6 9%
    7 9%
    8 4%
    accruals -20000 cl 31%
    inventory 50,000 ca
    A/P 40,000 cl
    A/R 70,000 ca
    cash 0 ca
    N/P 15,000 cl

    ca 120,000
    BV 18,600 cl 35,000
    recaptured d 16,400 85,000

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