community hospital in a rual community operates the ambulance service. the hospital purchases a new ambulance for $150,000. they estimate a useful life of 10 years and a salvage value of $20,000. what is the annual charge for depreciation on this asset?
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- A local private hospital has just purchased a new computerized patient information system with an installed cost of $220,000. The information system is treated as five-year MACRS property. The system would have a salvage value of about $20,000 at the end of five years. What are the yearly depreciation allowances'?The Parkview Hospital is considering the purchase of a new autoclave. This equipment will cost $150,000. This asset will be depreciated using an MACRS (GDS) recovery period of three years. Use this information to solve, If the autoclave is sold during the third year of ownership, the allowable depreciation charge for the third year is (a) $25,000 (b) $33,338 (c) $22,215(d) $11,108.The Parkview Hospital is considering the purchase of a new autoclave. This equipment will cost $161,000. This asset will be depreciated using an MACRS (GDS) recovery period of three years. What is the BV at the end of the second year? Click the icon to view the GDS Recovery Rates (r) for the 3-year property class. Choose the correct answer below. O A. The BV at the end of the second year is $51,520. O B. The BV at the end of the second year is $107,339. OC. The BV at the end of the second year is $35,774. O D. The BV at the end of the second year is $71,565.
- A city has purchased a new asphalt paving machine for $300,000.The city comptroller states that the machine will be depreciatedusing a stright line method. At the end of 8 years, the machinewill be sold with an expected salvage value of 60,000.a. Determine the function V = f(t) which expresses the bookvalue of the machine V as a function of its age t.b. What is the book value expected to be when the machine is 6years old?The Parkview Hospital is considering the purchase of a new autoclave. This equipment will cost $159,000. This asset will be depreciated using an MACRS (GDS) recovery period of three years. What is the BV at the end of the second year? Click the icon to view the GDS Recovery Rates (r) for the 3-year property class. Choose the correct answer below. More Info O A. The BV at the end of the second year is $50,880. O B. The BV at the end of the second year is $70,676. GDS Recovery Rates (r) O C. The BV at the end of the second year is $35,330. 3-year Property Class 0.3333 Year O D. The BV at the end of the second year is $106,005. 1 2 0.4445 3 0.1481 0.0741The Parkview Hospital is considering the purchase of a new autoclave. This equipment will cost $150,000. This asset will be depreciated using an MACRS (GDS) recovery period of three years. Use this information to solve, The BV at the end of the second year is (a) $27,771 (b) $41,667 (c) $116,675 (d) $33,325
- The New Hospital has raised money for new oncology wing. The hospital has also acquired medical diagnostic equipment that cost $500,000. In addition, the hospital paid $15,000 to ship the equipment from the manufacturer and $40,000 to install the equipment. The equipment is expected to have 6-year useful life and a $30,000 salvage value. Calculate the 6 years of depreciation, using SL straight line.Safety Hospital purchased a new MRI equipment. The cost is $450,000.00. Charges to install the equipment totaled $50,000.00. The equipment is expected to have a 5 year useful life. Calculate the SL depreciationRecord the following events of Mental Health Clinic, a VHWO:1. A contribution of $20,000 was received and is to be used for the purchase of equipment, but not until an addition to the building is constructed. Construction has begun on the building.2. Equipment costing $17,000, with a book value of $8,000, was sold for $10,000. The gain is unrestricted.3. Depreciation of $9,000 is recorded on various plant items.4. Equipment was purchased for $18,000, with payment due in 30 days from donor-restricted resources. Mental Health Clinic elects to release the donor restriction upon acquisition of the equipment.5. The liability for the equipment purchased in item (4) was paid.
- 1. A municipality 5 years ago purchased a pump for its sewage treatment plant at $6,000. The pump had annual operating costs of $3,200 and these are expected to continue. This pump is expected to continue to operate satisfactorily for 6 additional years, at which tie it may be expected to have negligible salvage value. The municipality has an opportunity to purchase a new pump for $8,500. The new pump is estimated to have a life of 6 years, negligible salvage value at the end of its life, and an annual operating cost of $1,400. If the new pump is purchased, the old pump will be sold for $1,600. The interest rate is 12% . With no knowledge of future replacements and a 6 year study period, what option should be selected? Answer [AE(12)D = $3589 and AE(12)c = $3467]A gas-powered electric generator is purchased by a public utility as part of an expansion program. It is expected to be useful, with proper maintenance, for an estimated 30 years. The cost is $17 million, installed. The salvage value at the end of 30 years is expected to be 10% of the original cost, not counting installation. a. What is the MACRS-GDS property class? b. Determine the depreciation deduction and the unrecovered investment for years 1, 5, and the last depreciable year of the generator.A healthcare facility purchases new equipment for $10,000,000.00. The new equipment has a scrap value of $2,000,000.00 and an estimated useful life of 6 years. Determine the amount of deprecation for the first 3 years on this equipment (Straight Line, Double Declining Balance, Sum of Years Digits). Be careful you are calculating the amount of depreciation and not the book value. Show all calculations. DO NOT JUST INDICATE the answers but how you arrived at the answer (your calculation)
