The Bookkeeper for the Martel Company Is Computing Depreciation for Income

question 15

Short Answer

The bookkeeper for the Martel Company is computing depreciation for income tax purposes, using the figures from the MACRS tables supplied by the IRS. The equipment being depreciated had a cost of $16,000 and falls under the class of equipment to be depreciated at a rate of 20% for the first year and 32% for the second year. The equipment was purchased and put into use during the first quarter. Compute the total amount of depreciation expense through the end of the second year.

---

Definitions:

Ovulation

Release of a secondary oocyte from an ovary.

Vas Deferens

One of a pair of long ducts that carry mature sperm to the ejaculatory duct.

Vasectomy

A surgical procedure for male sterilization or permanent contraception that involves cutting and sealing parts of the vas deferens.

Semen

Sperm and secretions from exocrine glands.