On october 1, 2018, the allegheny corporation purchased machinery for $314,000. the estimated service life of the machinery is 10 years and the estimated residual value is $6,000. the machine is expected to produce 550,000 units during its life. required: calculate depreciation for 2018 and 2019 using each of the following methods. partial-year depreciation is calculated based on the number of months the asset is in service. 1. straight line. 2. sum-of-the-years’-digits. 3. double-declining balance. 4. one hundred fifty percent declining balance. 5. units of production (units produced in 2018, 28,000; units produced in 2019, 43,000).

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received. c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.