A machine cost $70,200; it had an estimated residual value of $6,000 and an expected life of 300,000 units. What would be the depreciation in year 3 if 60,000 units were produced? (Round to nearest cent.)
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A machine cost $70,200; it had an estimated residual value of $6,000 and an expected life of 300,000 units. What would be the
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- A machine costing P 95,000 is expected to produce 10,000 units of a certain products during its entire life before being replaced. At the end of its life, it will have a scrap value of P 5,000. The cost of housing the machine is P 2,500 a year. The power consumption per unit is P 0.90 and the maintenance of the machine per unit will be P 0.70. Labor costs P 3.50 per unit. If depreciation is by declining balance method, determine the cost per unit in its 3rd year of operation if the annual production is 2500 units.If a machine is purchased for $10,000 with a residual value of $800 and a expected life of 86,000 units, what will be its depreciation in year 3 (not accumulated) if it produces 20,000 units in year 1, 40,000 units in year 2, and 9,000 units in year 3?A certain machine costs P40,000 and has a life of 4 years and a salvage value of P5,000. The production output of this machine in units per year is as follows: 14 year=1,800 units, 2nd year=2,200 units, 3rd year= 3000 units and 4th year=4000 units. If the units produced are of uniform quality, what is the depreciation on the 4th year.
- A company is planning to purchase a machine that will cost $30,600 with a six-year life and no salvage value. The company uses straight-line depreciation. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine? Sales $ 98,000 Costs: Manufacturing $50,500 Depreciation on machine Selling and administrative expenses 5,100 38,000 (93,600) Income before taxes $ 4,400 Income tax (30%) (1,320) Net income $ $ 3,080 Multiple Choice 10.07%. 33.33%. 5.10%.A machine costing P720,000.00 is estimated to have a life of 10 years. If the annual rate of depreciation is 25%, determine the total depreciation using the constant percentage or declining balance methodA company is planning to purchase a machine that will cost $34,800, will have a six-year life, and will have no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine? Sales $ 105,000 Costs: Manufacturing $ 51,200 Depreciation on machine 5,800 Selling and administrative expenses 45,000 (102,000) Income $ 3,000 Question 17Select one: a. 25.29% b. 8.62% c. 51.72% d. 5.17%
- A company is planning to purchase a machine that will cost $34,800, will have a six-year life, and will have no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine? Sales $ 105,000 Costs: Manufacturing $ 51,200 Depreciation on machine 5,800 Selling and administrative expenses 45,000 (102,000) Income $ 3,000A new CNC machine has an installed with a cost basis of $35,000 and an estimated service life of seven years. It will have a zero-salvage value at that time. The 200% declining balance method is used to depreciate this asset. What will the depreciation charge be in year seven? What will be the book value at the end of year six? c. What will be the gain (or loss) on the disposal of the asset if it is sold for $1,200 after six years?What is the average amount invested in a machine during its predicted five-year life if it costs $200,000 and has a $20,000 salvage value? Assume that net income is received evenly throughout each year and straight-line depreciation is used.
- A bottle-capping machine costs 5100,000, has an estimated life of 10 years, and has a scrap value of $20,000 Use the straight-line method to find (a) the annual rate of depreciation, (b) the annual amount of depreciufion, a the book value at the end of first year. (a) The annual rate of depreciation is % (Type a whole number or decimal rounded to the nearest tenth as needed.) (b) The annual amount of depreciation is $ (Type a whole number or decimal rounded to the nearest tenth as needed) (c) The book value at the end of the first year is 5 (Type a whole number or decimal rounded to the nearest tenth as needed) Enter your answer in each of the answer boxes 3:16 11/24 P Type here to search 立A company has the following estimates for a new five-year project: Cost of machine = $700,000, price s $900 per unit, variable cost = $100 per unit, fixed costs = $370,000, and quantity = 7,000 units. Suppose the company believes that all of these estimates are accurate only to within plus or minus 15 percent. The cost of the machine will be depreciated to zero over five ycars and will have no salvage value. The tax rate is 21 percent. What is the operating cash flow for the worst-case scenario? Enter your answer as dollars with 0 digits to the right of the decimal point in the box shown below.A new CNC machine has an installed with a cost basis of $35,000 and an estimated service life of seven years. It will have a zero salvage value at that time. The 200% declining balance method is used to depreciate this asset. a. What will the depreciation charge be in year seven? b. What will be the book value at the end of year six? c. What will be the gain (or loss) on the disposal of the asset if it is sold for $1,200 after six years?