3. A factory is constructed at a first cost of P8,000,000 and with an estimated salvage value of P200,000 at the end of 25 years. a. Find its appraisal value to the nearest PI00 at the end of 10 years by using Sinking Fund method of depreciation, assuming an interest of 5%.
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- An electronics balance costs P94 000 and has an estimated salvage value of P6 000 at the end of its 11 years lifetime What would be the depreciation after three years, using the sum of the years digit in solving for the depreciation? Quèstion 45 Express your answer in whole number Question 45 of 50 A Moving to another question will save this response. acer F5 F6 F7 F8 F9 F10 F11 F12 PrtSc Pause Del Home Scr Lk SysRq Break Ins & -Backspace 8 9 E P D G K LThe depreciation schedule for certain equipment has been arrived at by various methods. The estimated salvage value of the equipment at the end of its 7 years useful life is $366. Identify the resulting depreciation schedules. YEAR I || 1 2 3 4 5 6 7 IV $1335 2336.25 2775 3632 $1335 2002.5 1982 2273 $1335 1668.75 1416 1423 $1335 1335 1011 891 $1335 1001.25 722 558 $1335 667.5 515 349 $1335 333.75 368 219 Which scheme represents DDB depreciation and how much is the first year depreciation? a. III, $2775 O b. 1, $1335 O c. IV, $3632 O d. II, $2336Equipment costing $20,000 that is a MACRS 5-year property isdisposed of during the second year for $15,000. Calculate anydepreciation recapture, ordinary losses, or capital gains associatedwith disposal of the equipment.
- A motor cycle has an initial cost of P 50,000.00 and a salvage value of P 10,000.00 after 10 years. What is the straight line method depreciation rate as a percentage of the initial cost?The cost of the machine is P140 000 and has a useful life of 8 years. If the salvage value is P10 000; 1. Determine the depreciation during the 4th year using double-declining balance method. a. P14 765.63 b. P16 250.00 c. P14 622.56 d. P18 055.56 2. Determine the depreciation during the 4th year using sum of the year’s digit method. a. P14 765.63 b. P16 250.00 c. P14 622.56 d. P18 055.56 3. Determine the depreciation during the 4th year using declining balance method. a. P14 765.63 b. P16 250.00 c. P14 622.56 d. P18 055.56An equipment cost P 700 has a life of 8 years and a salvage value of X after 8 years. The book value at the 4th year using SYD method is P 2,197.22. Compute the depreciation in the first year by SYD method. Select one: a. P 1,286 b. P 1,220 c. P 1,478 d. P 1,322*please do not use excel
- The original cost for a certain piece of equipment is P150, 000 and it depreciated by 10% sinking fund method. What is the annual depreciation charge if the book value of the equipment after 10 years is the same as if it had been depreciated at P14, 000each yearby straight line formula?An equipment costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annual depreciation cost by sinking fund method at 4% interest. A. P791.26 B. P950.00 C. P971.12 D. P845.32Wildhorse Company purchased a computer for $9,440 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,180 salvage value. On January 1, 2021, the estimates are revised. Wildhorse now feels the computer will be used until December 31, 2022, when it can be sold for $590. Compute the 2021 depreciation. (Round answer to 0 decimal places, eg. 45,892) Depreciation expense, 2021 $
- Sean purchased an appliance that costs $8,850, has a life of 10 years and a salvage value of $500.Using straight line method:a.) Determine the book value at the end of the fourth year.b.) Determine the total depreciation at third year.c.) Find the depreciation at the 5th yearQuestion 39 An electronios balance costs P89,000 and has an estimaled salvage value of Po 000 al the end of its 8 years ifetime. What would be the depreciation after three years, using the sum of the years digit in solving for the depreciation? Express your answer in whole number K< Question 39 of 56A plant erected to manufacture socks has a first cost of P9,371,311 with a salvage value of x% of the first cost at the end of 15 years. If the interest rate is 5.144% and the total depreciation after 3 years is P970,000, using sinking fund method of depreciation, determine the following; a. Sinking fund factor, in %. b. Percentage of the first cost is taken as salvage value. c. Appraised value after 11 years. d. Total depreciation after 8 years.