Examlex

Solved

Kuo Corporation Uses the Following Assets in Its Business in 2013

question 95

Essay

Kuo Corporation uses the following assets in its business in 2013:
 Asset  Date Purchased  Cost  MACRS Life  ADS Life  Building 5122008$400,00039yr40yr Furniture 619201115,0007yr10yr Equipment 6152009 (sold 9-9-13) 10,0007yr10yr Truck 71201030,0005yr5yr Computer 1224201030,0005yr5yr\begin{array} { l l c c c } \text { Asset } & \text { Date Purchased } & \text { Cost } & \text { MACRS Life } & \text { ADS Life } \\\text { Building } & 5 - 12 - 2008 & \$ 400,000 & 39 \mathrm { yr } & 40 \mathrm { yr } \\\text { Furniture } & 6 - 19 - 2011 & 15,000 & 7 \mathrm { yr } & 10 \mathrm { yr } \\\text { Equipment } & 6 - 15 - 2009 \text { (sold 9-9-13) } & 10,000 & 7 \mathrm { yr } & 10 \mathrm { yr } \\\text { Truck } & 7 - 1 - 2010 & 30,000 & 5 \mathrm { yr } & 5 \mathrm { yr } \\\text { Computer } & 12 - 24 - 2010 & 30,000 & 5 \mathrm { yr } & 5 \mathrm { yr }\end{array}
Assume Kuo Corporation does not utilize Sec 179 expense,has not disposed of any asset since 2001,elects out of bonus depreciation,and has never expensed an asset previously.The equipment was sold on 9-9-13 for $4,000.
What is Kuo's 2013 depreciation expense using MACRS and for ADS?
2013 MACRS 2013 ADS Building ________Furniture ________ Equipment________Truck ________ Computer________\begin{array} { l }&\text {2013 MACRS }&\text {2013 ADS }\\\text {Building }&\_\_\_\_&\_\_\_\_\\\text {Furniture }&\_\_\_\_&\_\_\_\_\\\text { Equipment}&\_\_\_\_&\_\_\_\_\\\text {Truck }&\_\_\_\_&\_\_\_\_\\\text { Computer}&\_\_\_\_&\_\_\_\_\\\end{array}

Identify the differences between traditional organizational designs and contemporary models like boundaryless, network, and virtual organizations.
Examine the role and significance of strategic alliances, supplier relationships, and project teams in organizational effectiveness.
Understand the advantages and potential disadvantages of using network structures in organizations.
Analyze the operational and strategic implications of employing various organizational structures to achieve business objectives.

Definitions:

Atoms

The simplest units of all matter.

Element

A pure chemical substance consisting of one type of atom, distinguished by its atomic number.

Cell Membrane

The semi-permeable membrane surrounding the cytoplasm of a cell, responsible for controlling the movement of substances in and out of the cell.

Body Tracts

Pathways or channels in the body through which biological substances flow, such as the gastrointestinal tract or neural tracts.

Related Questions