On april 30, 2014, tilton products purchased machinery for $55,000. the useful life of this machinery is estimated at 8 years, with an $15,000 residual value.1)assume that in its financial statements, tilton products uses straight-line depreciation and the half-year convention. depreciation expense recognized on this machinery in 2014 and 2015 will be: 2)assume that in its financial statements, tilton products uses the 200%-declining-balance method and the half-year convention. depreciation expense in 2014 and 2015 will be: 3)assume that in its financial statements, tilton products uses the 150%-declining-balance method and the half-year convention. depreciation expense in 2014 and 2015 will be:
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Mason farms purchased a building for $689,000 eight years ago. six years ago, repairs costing $136,000 were made to the building. the annual taxes on the property are $11,000. the building has a current market value of $840,000 and a current book value of $494,000. the building is totally paid for and solely owned by the firm. if the company decides to use this building for a new project, what value, if any, should be included in the initial cash flow of the project for this building? $0$582,000$840,000$865,000$953,000
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On april 30, 2014, tilton products purchased machinery for $55,000. the useful life of this machiner...
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