An 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
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An 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
*please do not use excel
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- 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?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$A tractor costs $24,680, has an expected life of 12 years, and has a salvage value of $2,600. Use straight-line depreciation to find the yearly depreciation. Make a depreciation schedule for the first three years' depreciation. Complete the table. Year Depreciation 1 $ 2 3 $ $ Accumulated depreciation $ $ $ End-of-year book value $ $
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- 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 yearDetermine the rate of depreciation, the total depreciation, the total depreciation up to the end of the 8th year and the book value at the end of 8 years for an asset that costs P 15,000 new and has an estimated scrap value of P 2,000 at the end of 10 years by (a) Declining balance method (b) Double Declining balance methodThe 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, $2336
- Gillespie Gold Products, Inc., is considering the purchase of new smelting equipment. The newequipment is expected to increase production and decrease costs, with a resulting increase in profits.First Cost is at $40,000; Savings per year is $10,000; Actual useful life is 5 years; Salvage value is$4000. a. Determine the ATCF using a tax rate of 42% and straight-line method of depreciation.b. If the average yearly inflation rate for the 5-year study period is 3.5%, what is the real-dollar ATCF that is equivalent to the actual-dollar ATCF? The base time period is year zero (b=0).An asset costs $14300. What declining-balance depreciation rate would result in the scrap value of $5820 after 4 years? (Units of % required for response)A pump costs $7000 has a life of 5 years with no salvage value. What is the SL depreciation amount for each year? Assume the depreciation will take over the entire life.