how do I calculate equipment in a deferred tax worksheet with equipment at $30,000 and accumulated...

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how do I calculate equipment in a deferred tax worksheet with equipment at $30,000 and accumulated...

how do I calculate equipment in a deferred tax worksheet with equipment at $30,000 and accumulated depreciation for equipment at $13,500

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Answer 1

Answer #1

In the above queations, some information is missing like:

1. Useful life of asset

2. Year of Accumulated depreciation

3. Applicable tax rate

So the above question is solved while taking follpwing assumptions:

1. Useful life of equipment - 5 years

2. Depreciation rate - 20%

3. Tax rate -30%

4. Alternate is possible

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Answer 2

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