DEPRECIATION AND TAXES PROBLEM - PART 1 You are offered the concession for a photocopy place at a university for 3 years

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Depreciation And Taxes Problem Part 1 You Are Offered The Concession For A Photocopy Place At A University For 3 Years 1 (10.45 KiB) Viewed 35 times

DEPRECIATION AND TAXES PROBLEM - PART 1 You are offered the concession for a photocopy place at a university for 3 years. You need to invest $600,000 in photocopying machines and expect revenues of $500,000 per year and expenses of $200,000 per year. The photocopying machines have a useful life of 5 years and a salvage value of $150,000 at the end of their useful life. Since your concession is only for 3 years, you are planning to sell the machines at their book value at the end of the 3rd year. Type here or upload in an Excel file the complete depreciation table for the assets of this problem, using the straight-line method. (Include correct headings)