: The initial cost of a paint sand mill, including its installation is P 800,000. The depreciable life of this machine is 10 years with an estimated salvage value of P 50,000. Using SF Method at 6%. -Compute the annual depreciation charge. -Compute the total depreciation after 6 years. -Compute the book value after 6
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Problem 2: The initial cost of a paint sand mill, including its installation is P 800,000. The
-Compute the annual depreciation charge.
-Compute the total depreciation after 6 years.
-Compute the book value after 6 years.
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- Problem 1: The initial cost of a paint sand mill, including its installation is P 800,000. The depreciable life of this machine is 10 years with an estimated salvage value of P 50,000. Using DBM, 1. Compute the annual depreciation charge. 2. Compute the total depreciation after 6 years. 3. Compute the book value after 6 years.Solve the following problems. Show clean and complete details of your work for each number. Problem 1: The initial cost of a paint sand mill, including its installation is P 800,000. The depreciable life of this machine is 10 years with an estimated salvage value of P 50,000. Using SL Method -Compute the annual depreciation charge. -Compute the total depreciation after 6 years. -Compute the book value after 6 years.Problem 3: The initial cost of a paint sand mill, including its installation is P 800,000. The depreciable life of this machine is 10 years with an estimated salvage value of P 50,000. Using SYD Method -Compute the depreciation charge on the 6th year. -Compute the total depreciation after 6 years. -Compute the book value after 6 years.
- A lathe machine costs P650,000 and the salvage value of P65,000 after 20 years. 7.Find the annual depreciation at the end of 5 years by DBM 8.Find the annual depreciation at the end of 5 years by DDBM. 9.Find the depreciation charge at the end of 5th year by DBM. 10.Find the depreciation charge at the end of 5th year by DDBM. 11.Find the book value at the end of 5 years by DBM. 12.Find the book value at the end of 5 years by DDBM1.A machine costs P 8,000 and an estimated life of 10 years with a salvage value of P500. What is the book value after 8 years using the straight-line method? 2.A company purchases an asset for P10,000 and plans to keep it for 20 years. the salvage value is zero at the end of the 20th year. What is the depreciation value in the 3rd year? Use Sum-of-the-Years-Digits Depreciation Method. For determining For the sum of years, you can use n(n+1)/2 as a formula, where n=useful life Please help me with this, thankyouuuConsider the following data on an asset: • Cost of the asset = $38,000 • Useful life = 6 years • Salvage value = $5,000 Compute the annual depreciation allowances and the resulting book values using a 150% declining balance method. Make sure that the last year's book value equals to the salvage value.
- ASAPECONOMICS A machine cost P 1,800,000.00. It has a salvage value of P 300,000.00 at the end of 5 years. If money is worth 6% annually. Determine the depreciation charge during the 3" year and the book value at the end of 3 years by the: (a) Straight Line Method (b) Sinking Fund Method (c) Declining Balance Method (d) Double Declining Balance Method (e) Sum-of-the-Year-Digits MethodA certain machine has a first cost of 30,000; annual costs of 6,000; a salvage value of 4,000 and a life of 10 years. Assume an interest rate of 8% What is the depreciation allowance in years 1-10 for this asset using straight line depreciation?
- A machine costs P 8,000 which last for 7 years with a salvage value at the end of its life of P 355. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by: (a) Modified Accelerated Cost Recovery System (MACRS) Note: Handwritten solution pleaseA machine cost 75,000 and the salvage value is 15,000 after 15 years. Find, a) the depreciation by Straight Line Method if i = 15% b) the depreciation by Sinking Fund Method if i = 15% c) the depreciation charge at the end of 4th year by Declining Balance Method, Double Declining Balance Method and Sum of Years Digit Method d) the book value after 8 years by SLM, SFM, DBM, DDBM and SYDM Please follow the format in answering. 1. Given 2. Required 3. Formula used 4. Cash flow diagram/ cash flow sketch: 5. Solutions (w/ explanation)A machine has a first cost of P36,000 and a salvage value ofP4,000 after 8years. Find the annual depreciation rate using straight line method.