The initial investment in the equipment needed for the project is $50,000 for a duration of 10 years. Salvage is estimated at $5,000. Calculate the depreciation charges and book values for year three of the asset using SL? O a. $6400, $25600 O b. $7200, $28800 c. $728, $47784 O d. $4500, $36500
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- The 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, $2336Question 39 An electronios balance costs P89,000 and has an estimaled salvage value of Po 000 al the end of its 8 years ifetime. What would be the depreciation after three years, using the sum of the years digit in solving for the depreciation? Express your answer in whole number K< Question 39 of 568. An equipment cost P 56,000. Its resale value at the end of the 5th year is P 15,000,00. Using Declining Balance Method, determine the depreciation charge for the 2nd year. Ans. P.9,977.86
- What will be the cost of an asset, if its salvage value is 300 after 5 years and annual depreciation charge is 500, use the Straight Line Depreciation rule. Select one: a. 2800$ b. 2750$ c. 2840$Consider the case of apiece of equipment costing $ 20000 and the scrap value $2000. the service life is estimated to be 5 years. Determine the asset value at the end of the first years, and the second years ? H. W at the end of 3d, 4th, 5th years. determine the depreciation costThe 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?
- 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 asset costs $150,000 and has a salvage value of $15,000 after 10 years.What is the depreciation charge for the 4th year, and what is the book value atthe end of the 8th year with(a)Straight-line depreciation?(b)Double declining balance depreciation?The 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 year useful life is $700. Identify the resulting depreciation schedules. Year I II III IV 1 $1,329 $2,325 $2,857 $3,161 2 $1,329 $1,993 $2,041 $2,162 3 $1,329 $1,661 $1,458 $1,478 4 $1,329 $1,329 $1,041 $1,011 5 $1,329 $ 996 $ 744 $ 692 6 $1,329 $ 664 $ 531 $ 473 7 $1,329 $ 332 S 379 $ 323 Which scheme represents DB depreciation? Select one: II III IV I
- 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. P845.329.16 You purchased a molding machine at a cost of $88,000. It has an estimated useful life of 12 ycars with a salvage value of $8,000. Determine the following: (a) The amount of annual depreciation computed by the straight-line method. (b) The amount of depreciation for the third year computed by using the double- declining-balance method.An auto company purchase a new truck for their transportations at a price of $350,000. The company expects to use the truck years. expected salvage value of the truc k is $50,000 after the end of its tenth years of useful life. Use the SOYD method of depreciation to calculate the By of the truck after 2 year? A: $54,545 B: $246,394 C: $249,091 D: $103,636