9. Cost of a machine = $1,120,500 salvage value = $10,500 Useful Life = 5 Years Deprecation for the last year using the Sum of digits method will be: (a) $ 6,800 (b) $ 20,400
Q: A machine costs P7,000, last 8 years and has a salvage value at the end of life of P350. Determine…
A: Note: Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Equipment having a first cost of $158,000, a life of 10 years, and a salvage value of $23,000. What…
A: MACRS: It is a modified accelerated cost recovery system used in the United States to calculate…
Q: A machine costs P1,500,000. It has a salvage value of P600,000 at the end of its economic life.…
A: Let the economic life = n years Machine cost (F) = P 1500000 Salvage value (S) = P 600000 Book value…
Q: The cost of equipment is P500,000 and the cost of installation is P30,000. If the salvage value is…
A: Formula: Straight line method depreciation = ( Cost of Asset - salvage value ) / Useful life years…
Q: 1. A Machine costs P80,000 and an estimated life of 10 years with a salvage value of P5,000. What is…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: The first cost of a machine is Php 1,800,000 with a salvage value of Php 400,000 at the end of its…
A: Depreciation = C × (S/C)m/n C = original cost S = scrape value n = life of property in years m =…
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A: 1. Depreciation Expenses - Depreciation Expenses are the expense incurred on the wear and tear of…
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A: Depreciation means the amount fixed assets written off due to normal wear and tear , normal usage…
Q: 5. An electronic balance costs P90, 000 and has an estimated salvage value of P10, 000 at the end of…
A: Annual depreciation = (P90,000 - P10,000) / 10 years = P8,000
Q: An engineer bought equipment for P500,000. He spent an additional amount of P30,000 for the…
A: The salvage value is the remaining value of a fixed asset at the end of its useful life. Given…
Q: An engineer bought equipment for P500,000. He spent an additional amount of P30,000 for installment…
A: The value at which an asset can be sold at the end of its useful life is known as the salvage value.…
Q: 2. A laser printer costing RM6000 has a life expectancy of 6 years and a salvage value of RM800.…
A: The depreciation is a decline in the value of tangible assets over their useful life. it is a…
Q: A machine has a first cost of P36,000 and a salvage value ofP4,000 after 8 years. Find the annual…
A: Formula: Straight line method depreciation expense = ( Asset cost - Salvage value ) / Useful life…
Q: 8.The cost of asset is $100,000 and the salvage value at the end of its useful life of 8 years is…
A: Given: Cost of asset = 100,000 Salvage value = 7500 Depreciable value = 100,000 - 7500= 92,500
Q: A machine costing P480,000 is estimated to have a salvage value of 10% of the first cost when…
A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…
Q: 1. An equipment costs Php 1,500,000. At the end of its economic life of five years, its salvage…
A: Depreciation is accounted for an asset to take into consideration the loss in the value of the asset…
Q: 1. A machine has a first cost of P 600,000.00 and a salvage value of P 60,000.00 at the end of…
A: "Since you have asked multiple question we will solve the first question for you. If you want any…
Q: A machine with a cost of $50,000 has an estimated residual value of $4,773 and an estimated life of…
A: Double Declining Balance Method Formula = Cost of the asset X Depreciation rate Depreciation rate…
Q: 21. An engineer bought equipment for P500,000. HE spent an additional amount of P30,000 for…
A: Depreciation is a way of declining the cost of assets over the useful life of assets, the company…
Q: A certain office equipment has a first cost of P 20,000 and a salvage value of P 1,000 at the end of…
A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…
Q: . On May 1, the company XYZ bought a machine that cost 252,000 in order to use for day-to-day…
A: Depreciation is the allocation of cost of asset over the useful life of the asset. Sum of years…
Q: An equipment costs P8,000 has an economic life of 8 years and salvage value of P400 at the end of 8…
A: Equipment Costs = P8,000 Time Period = 8 Years Salvage Value = P400 1st Year Depreciation Amount =…
Q: A new machine was bought for $9,000 with a life of six years and no salvage value. Its annual…
A:
Q: A machine bought at P420,000 has an economic life of 6 years with a salvage value of P50,000. Cost…
A: Depreciation is the decrease in the value of assets due to its use or obsolescence.
Q: 1. A machine costs P7,000, last 8 years and has a salvage value at the end of life of P350.…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: An equipment has a first cost of P500,000 and the cost of installation is P30,000. If the salvage…
A: solution : given : cost of asset =500,000 installation cost =30,000 total Capitalized cost…
Q: 1.)Equipment with a cost of P450,000 has an estimated salvage value of P30,000 and an estimated life…
A: Hi student Since there are multiple questions, we will answer only first question
Q: A construction equipment costs P180,000. It has a salvage value of P15,000 at the end of its life of…
A: Given: Equipment cost = P180,000 Salvage value = P15,000 Life = 12 years
Q: 3. A machine cost Php 12,380 and an estimated life of 6 years with a salvage value of Php 830. What…
A: Machine cost = P 12380 Salvage value = P 830 Life = 6 Years Annual depreciation = (Machine…
Q: 2. Please determine the salvage values for each period of the following two machines. Machine 1 has…
A:
Q: 29. The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its…
A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…
Q: A semiconductor manufactures equipment that costs Php 1,800,000, with an estimated salvage value of…
A: Salvage Value = Php 1,800,000 x 10% = Php 180,000 Under Straight Line Depreciation Method : Yearly…
Q: Cost of an Xray-machine is 1,500,000.00that has a useful life of 10 years, salvage value of 20,000…
A: Depreciation using the double-declining balance method. In this depreciation method, the assets are…
Q: A sand mixing device costs $48,000. At the end of 5 years, the salvage value is $18,000. Using…
A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…
Q: 3.A machine with a cost of? S20,000, a salvage value of? $8,000 and expected life of 15 years was…
A: Depreciation under Straight line method = (Cost - Residual value / Expected useful life)
Q: An equipment costing P3, 015, 000 has an estimated life of 12 years with a salvage value of P200,…
A: Depreciation is known as a decrease in the value of assets because of the use of that asset. it is a…
Q: The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of…
A: Rate of depreciation under declining balance method = 1useful life ×100 = 15×100 = 20% Sum of useful…
Q: An engineer bought an equipment for P 800,000. Other expenses, including installation, amounted to P…
A: depreciation is the decrease in value of the asset over its life dues to constant usage and wear and…
Q: Original cost of a machine was Rs. 2,52,000; Salvage value was 12,000. Useful Life was 6 years,…
A: Lets understand the basics. In straight line basis, depreciation is calculated in equal installment…
Q: A machine costing Rm 100,000 has a life expentancy of five years and a salvage value Rm 20,000.…
A: Annual Depreciation (straight line method) = (Cost of the assets - Residual value) / Expected life…
Q: 1. The cost of a machine is RM7000 and its salvage value is RM800 at the end of 9 years. No use…
A: The formula used is shown:
Q: An engineer bought equipment for P600,000. Other expenses including installation amounted to…
A: Depreciation accounting is an important component of valuation of fixed assets that are involved in…
Q: A bulldozer has an initial cost of Php 2,000,000. Its salvage value after 12 years is Php 175,000.…
A: Depreciation: It can be defined as a monetary fall in the value of the asset because of continuous…
Q: A certain machine has book value of P140,452.78 after 5 years and P66,037.08 after 8 years. The book…
A: As period goes on value of the equipment goes on decreasing as period goes away and that decrease in…
Q: MR Construction and Supply has purchased its transit mixer. The cost of the mixer is 5 million…
A: Methods of charging depreciation are as follows: Straight-line method Sum of years digit method…
Q: 1. An equipment costs P 1,200,000.00 at the end of its economic life of 5 years. Its salvage value…
A: Here in this question, we are required to determine book value of asset under sum of years digit…
Q: 1. The Alfa Company purchased a machine for $36.500. The salvage value will be $7.700. a) Make a…
A: Depreciation: Depreciation Cost is the cost that is allocated over its life and it is charged as an…
Q: The first coat of a road laying machine is Php 8,000,000. Its salvage value after five years is Php…
A: Depreciation per km = (Cost - Salvage value) / Total kilometers Depreciation per km = (Php 8,000,000…
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- A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years. Prepare depreciation schedules reporting the depreciation expense, accumulated depreciation, and book value of the machine for each year under the double-declining-balance and sum-of-the-years-digits methods. For the double-declining-balance method, round the depreciation rate to two decimal places.A certain machine costs 2.5M while its salvage value is 150,000 at the end of 8 years. Determine its book value at the end of 4 years using the Straight Line Method. a. 1,835,000 b. 1, 825,000 c. 1,325,000 d. 1,385,00029. The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of 5 years. Determine the total depreciation after 3 years. Using Sum of Years Digit Method a. P1,150,000 c. P1,300,000 b. P1,200,000 d. P1,350,600
- A machine with a cost of $480,000 has an estimated salvage value of $30,000 and an estimated useful life of 5 years or 15,000 hours. It is to be depreciated using the units-of-activity method of depreciation. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours? Select one: a. $160,000 b. $130,000 c. $90,000 d. $150,000 Drago Company purchased equipment on January 1, 2016, at a total invoice cost of $1,200,000. The equipment has an estimated salvage value of $30,000 and an estimated useful life of 5 years. What is the amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used? Select one: a. $234,000 b. $468,000 c. $240,000 d. $480,000 Sargent Corporation bought equipment on January 1, 2017. The equipment cost $360,000 and had an expected salvage value of $60,000. The life of the equipment was estimated to be 6 years. Assuming straight-line deprecation, the book value of…Question. Original cost of a machine was Rs. 2,52,000; Salvage value was 12,000. Useful Life was 6 years, Annual depreciation under Straight Line Method will be: 1. 42,000 2. 40,000 3. 30,000 4. 28,000A bulldozer has an initial cost of Php 2,000,000. Its salvage value after 12 years is Php 175,000. As a percentage of the initial cost, what is the straight- line depreciation rate of the equipment? O 7.6041% O 6.6041% O 8.6041% O 5.6041%
- Original cost of a machine was Rs. 2,52,000; Salvage value was 12,000. Useful Life was 6 years, Annual depreciation under Straight Line Method will be: 1. 42,000 2. 40,000 3. 30,000 4. 28,000An earth moving equipment that cost P 90,000 will have an estimated salvage value of P18,000 at the end of 8 years. Using double-declining balance method, compute the book value and total depreciation at the end of 5th year. Cost of machine = P1,400,000 Useful life = 8 yrs Salvage value = P10,000 Determine the 4th year depreciation using double declining balance methodAn assembly line conveyor system with a 5-year life is to be depreciated by the DDB method. The conveyor units had a first cost of $30,000 with a$9000 salvage value. The annual operating cost allocated to the conveyor is $7000 per year. The book value at the end of year 2 is closest to:a. $6,480b. $10,800c. $12,400d. $18,000
- The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of 5 years. Determine the book value after 3 years, using (a) Straight Line Method, (b) Declining Balance Method, and (c) Sum of Years Digit Method.A motorized cultivator with a first cost of $28,000 and salvage value of 25% of the first cost is depreciated by the DDB method over a 5-year period. If the operating cost is $43,000 per year, the depreciation charge for year 2 is closest to:a. $18,000b. $11,200c. $6700d. $4030Use the following data: Asset cost $120,000 Expected life 4 years Estimated salvage value $12,000 Using the sum-of-the-years-digit method, the amount of depreciation for the third year would be Question 12 options: $28,000. $21,600. $30,000. $48,600.
