Problems

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  1. Learning Goal 2

    P4–1 Depreciation On March 20, 2019, Norton Systems acquired two new assets. Asset A was research equipment costing $17,000 and having a 3-year recovery period. Asset B was duplicating equipment with an installed cost of $45,000 and a 5-year recovery period. Using the MACRS depreciation percentages in Table 4.2, prepare a depreciation schedule for each of these assets.

  2. Learning Goal 2

    P4–2 Depreciation In early 2019, Sosa Enterprises purchased a new machine for $10,000 to make cork stoppers for wine bottles. ...

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