%0 Journal Article
%T Development of a Simulation Software for Plant Asset Depreciation Computation Using Modified Accelerated Cost Recovery System
%A Basil Olufemi Akinnuli
%A Oluwole Timothy Ojo
%J Open Access Library Journal
%V 5
%N 3
%P 1-9
%@ 2333-9721
%D 2018
%I Open Access Library
%R 10.4236/oalib.1104419
%X <div style="text-align:justify;">
	<span style="line-height:1.5;">This work presents the computation of depreciation
under Modified Accelerated Cost Recovery System using simulation software
developed for the purpose. The three case studies presented provide in-depth
analysis and applications of the simulation software that was developed. The
results from the three case studies proved that the investment of $900,000 by Virgin Atlantic
airline to purchase three new aircrafts will be</span><span style="line-height:1.5;"> recovered in 8 years; Toyota¡¯s
investment of $152,000 in
the automated assembly line will be recovered in 8 years while AEG¡¯s
investments in the two forklift trucks and crane will both be recovered in 8
years for the same reason. These results gave a quick insight for evaluating
such an unstructured real life problem as depreciation (cost recovery) in organizations.</span>
</div>
%K Simulation
%K Software
%K Plant Asset
%K Depreciation
%U http://www.oalib.com/paper/5293171