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Lisbon University Sharpe Machining Company Paper

by | Feb 18, 2023 | Business Finance

by | Feb 18, 2023 | Business Finance

Lisbon University Sharpe Machining Company Paper

Description

Sharpe Machining Company purchased industrial tools costing $60,000, which fall in the 3-year property class under MACRS.

Use Appendix A and Exhibit 16-9 for your reference. (Use appropriate factor(s) from the tables provided.)

Required:

1. Prepare a schedule of depreciation deductions assuming:

a. The firm uses the accelerated depreciation schedule specified by MACRS.

b. The firm uses the optional straight-line depreciation method and the half-year convention.

2. Calculate the present value of the depreciation tax shield under each depreciation method listed in requirement 1. Sharpe Machining Company’s after-tax hurdle rate is 8 percent, and the firm’s tax rate is 30 percent.

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