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Business, 29.11.2019 05:31 linhlema2005

The following financial information applied to your company for 2018:
• sales revenues, $4,350,000 • labor and materials, $970,000
• depreciation for existing assets purchased prior to 2018, $80,000
• on january 5, 2018, you purchased $130,000 of equipment classified as 5-year macrs assets
• on september 23, 2018, you purchased $210,000 of equipment classified as 7-year macrs assets

a) calculate the total depreciation expenses allowed in 2018.
b) calculate the taxes your company owes for 2018 and your net income for 2018.

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The following financial information applied to your company for 2018:
• sales revenues, $4,3...
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