a Depreciation Calculation:

)
Straight-Line Method
Year Calculations Depreciation
Expenses
2019 (5000,000-250,000) X /5 $ 950,000
2020 (5000,000-250,000) X 1/5 $ 950,000
2021 (5000,000-250,000) X 1/5 $ 950,000
2022 (5000,000-250,000) X 1/5 $ 950,000
Answer 2:

b) Depreciation Calculation:
MACRS (3-Year Property)
Years Calculation Depreciation
Expenses
2019 5,000,000 X 33.33% $ 166,6500
2020 5,000,000 X 44.45% $ 2,222,500
2021 5,000,000 X 14.81% $ 740,500
2022 5,000,000 X 7.41% $ 370,500
Answer 3:
Cost of the generator;
List price 5000,000
Shipping Cost 100,000
Installation Cost 150,000
Sales Tax @ 600,000
Testing 50,000

Total Cost 5,900,000

Date Description Dr Cr
13 Generator 5,900,0000  
October
  Cash   5,900,0000

Answer 4:

Alpha-Corporations
General Journal
Date Accounts DR CR
1-Febuary Cash $ 550,000
Note Payable $550,000

31-July Note- Payable $ 550,000

Interest Expense $ 41,250
Calculation For Interest (550,000*15%*6/12)
Cash $591,250

Answer 5:
All have same shares
Hayden = 2,500,000 / 4 = $6, 25,000
Dravid = 2,500,000 / 4 = $6, 25,000
Watson = 2,500,000 / 4 = $6, 25,000
Taylor = 2,500,000 / 4 = $6, 25,000

Statement of Partner’s Equity for year ended Dec 31, 2019

Items Hayden Dravid Watson Taylor

Capital 500,000 650,000 5,50,000 6,00,000
Less: Drawings 1,00,000 2,00,000 150,000 150,000
Add: Profits 6,25,000 6,25,000 6,25,000 6,25,000
Equity at the end of year 10,25,000 10,50,000 10,25,000 10,75,000