Using the SLM of Depreciation, what is the book value of equipment bought at P80,000 after 3 years when its useful life is 5 years with a salvage value of P5,000?
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- If an asset has a cost of 6,000, a salvage value of 1,500, and the annual straight line method depreciation expense is 1,125, what is the useful life of the asset?Your business buys a delivery van for $28,000. You figure the van will be useful for 5 years and have a value of $5,000 at the end of the 5-year period. What is the (a) basis, (b) useful life, (c) salvage value, (d) depreciable basis, (e) accumulated depreciation at the end of year 2 if you take $4,600 depreciation each year, and (f) the book value at the end of year 2?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?
- Determine 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 average car depreciates in value about 15% per year. Suppose you buy a silver Cherolet Cruze LTZ worth $26,000 (and made no down payment). What is the value of the car if you bought it 4 years ago?If an asset has a first cost of P50,000 with a P10,000 estimated salvage value after 5 years, calculate the annual SL depreciation and tabulate the yearly book value. Please show the solution. Solutions in excel are acceptable.
- Depreciation Equipment bought for P 87,000.00 is expected to last for 24 years. If the scrapvalue after 20 years is P 60,000.00. How much is the depreciation for year 12?A certain company make it a policy that for any new equipment the annual depreciation cost should not exceed 10% of the original cost at any time with no salvage value, Determine the length of service life necessary if the depreciation method used is straight line, and SF at 8%The purchase of a motor for P6000 and a generator for P4000 will allow a company to produce its own energy. The configuration can be assembled for P500. The service will operate for 1600 hrs per year for 10yrs. The maintenance cost is P300 per year and the cost to operate is P0.85/hour for fuel and related costs. Using straight line depreciation, what is the annual cost(P) for the operation? There is P400 in salvage value for the system at the end of 10yrs.
- 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)The cost of a certain asset is $3,000, its life is 6 years and scrap value is $500. Find the annual rate of depreciation under constant percentage method and construct the depreciation schedule.Question 39 An electronios balance costs P89,000 and has an estimaled salvage value of Po 000 al the end of its 8 years ifetime. What would be the depreciation after three years, using the sum of the years digit in solving for the depreciation? Express your answer in whole number K< Question 39 of 56