Company XYZ purchased a S.16H qualifying environmentally friendly vehicle for $500,000. Vehicles are a 30% annual allowance asset. How much of this purchase will be added to the 30% depreciation pool in the current year?
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Kk.254.
Company XYZ purchased a S.16H qualifying environmentally friendly vehicle for $500,000.
Vehicles are a 30% annual allowance asset.
How much of this purchase will be added to the 30%
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- Hw.45. On January 1, 2020 a machine was purchased for 403,000 by Metlock Leasing co. The machine is expected to have 10 year life with no salvage value. It is to be depreciated on a straight line basis. The machine was leased to Ivanhoe Inc. for 3 years on January 1, 2020 with annual rent payments 68,440 due at the beginning of each year, starting January 1, 2020. The machine is expected to have residual value at the end of the lease term of $264,000, though this amount is unguaranteed. Prepare the 2020 journal entries for the lessor.5. The price of a system of jockey pumps is P5,500,000. PLM decided to purchase this system and spent P215,500 for shipping and installation. The equipment will last for 10 years with a salvage value of 3% of its total cost. Determine the following: a. Yearly charge of depreciation using SL method. b.Depreciation charge on the 6thyear, and book value at the end of the 8thyear using SYD method.A Class 10 YRS asset, whose acquisition cost is $ 145,000, is eligible for a 40% depreciation bonus and is then depreciated using MACRS. This is sold during year 3 for $ 50,000. Determine the following: a. Depreciation in the first year. b. Book value at the time of sale c. Gain or loss amount Economic Analysis for Engineers Don't use Excel!
- 11. Zach's Corporation purchased a Jacquard machine for P6M, freight and installation charges amounted to 3% of the purchase price. If the machine will be depreciated over a period of 10 years with a salvage value of 6%, determine the depreciation cost during the 5th year using the SLM method. 12. An electric sewing machine costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annual depreciation cost by the sinking fund method at 5% interest. 13. CMM Company was constructed at a first cost of PSM and with estimated salvage value of X at the end of 25 years. Find the value of X using sinking fund if the book value amounted to P5,480,093.88 at the end of 15 years with an interest rate of 10% annually. 14. An asset for drilling was purchased and place in service by a petroleum production company. Its initial investment is P50,000 and it has an estimated salvage value of P13,000 at the end of an estimated useful life of 10 years. Compute the book value at the…Mike’s Tires purchases a new piece of equipment for $5,200. It also pays $500 for installation and$200 for delivery. If the company expects the equipment to last for 10 years, with a $900 residual value,calculate the following: a. Depreciable cost b. Straight-line rate c. Annual straight-line depreciation.What is the after-tax salvage value of a 3-year MACRS machine with the $10,000 purchase price if it is sold after 3 years at a salvage value of $500? The annual depreciation rates are 33.33%, 44.45%, 14.81%, and 7.41%, and the tax rate is 25%. A) $935.25 B) $741 C) $560.25 D) -$60.25 E) -$241
- 6) A company is considering purchasing a new automated machine that is expected to generate an additional income of $125,000 annually. The equipment will have an initial cost of $187,500 and estimated annual operating and maintenance costs of $50,000. Its estimated salvage value at the end of its useful life of 4 years will be $37,500. The equipment is a MACRS-GDS 3-year property for calculating depreciation deductions. The effective tax rate is 35%. For this new machine, determine the after-tax cash flow for each year of operation. (Round off values to the nearest dollar) ΕΟΥ BTCF a) 0 1 2 3 4 MACRS-GDS Deduction Taxable Income Tax ATCF b) (8 points) If the after-tax MARR is 10% per year compounded annually, compute the PW of the after-tax cash flows. Based on this PW, would you recommend the purchase of this new equipment?Your company has purchased a large new truck-tractor for over-the-road use (asset class 00.26). It has a cost basis of $180,000. With additional options costing $15,000, the cost basis for depreciation purposes is $195,000. Its MV at the end of five years is estimated as $40,000. Assume it will be depreciated under the GDS: Solve, a. What is the cumulative depreciation through the endof year three? b. What is the MACRS depreciation in the fourth year? c. What is the BV at the end of year two?2. The purchased price of the equipment is P12,000 and its estimated maintenance costs are P500 for the first year, P1,500 for the second year, and P2,500 for the third year. After three years of use the equipment is replaced, it has no salvage value. Compute the present equivalent cost of the equipment using 10% interest. (capitalized cost)
- 16. A company purchases a piece of construction equipment. The expected income is SAR 3,100 annually for its useful life of 15 years. Expenses are estimated to be SAR 355 annually. If the purchase price is SAR 25,000 and there is no salvage value, what is the rate of return, neglecting taxes? (select the closest answer) a) 5.2% b) 6.4% c) 6.8% d) 7.0%Nn.57. Subject :- Account Company purchased a machine for $9,800 on January 1, 2019. The machine has been depreciated using the straight-line method assuming it has a five-year life with a $1,400 residual value. Taylor sold the machine on January 1, 2021, for $7,600. What is the book value of the machine on December 31, 2020? A.$ 2 comma 100 $2,100 B.$ 6 comma 440 $6,440 C.$ 8 comma 400 $8,400 D.$ 9 comma 800 $9,80017. The Jessica Company purchased a drilling machine on October 1, 2018 at a cost of P250,000 and depreciated it at 25% per annum on a straight-line basis. On October 1, 2020, P50,000 was spent on an upgrade to the machine in order to improve its efficiency and increase the inflow of economic benefits over the machine’s remaining life. How much depreciation expense should be recognized in profit or loss for the year ended September 30, 2021?