1. An equipment costing P750,000 has a life expectancy of 6 years. Using the sum-of-year’s digit method of depreciation, what must be its salvage value such that its depreciation charge at the fifth year is P52,380.95? A. P400,000 B. P250,000 C. P300,000 D. P200,000
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A: The salvage value is the remaining value of a fixed asset at the end of its useful life. Given…
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A: Depreciation rate = 1- ( Salvage Value/Cost)1/n Where n is the number of years of useful life.
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A: Solution.. Cost = P650,000 Life = 5 years Rate of depreciation = 200% ÷ life = 200% ÷ 5 =…
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A: Hi student Since there are multiple questions, we will answer only first question.
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A: Straight line method of depreciation is the depreciation method in which equal amount is charged as…
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A: Sum of useful years = 4+3+2+1 = 10
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A: Hi student Since there are multiple questions, we will answer only first question
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A: Lets understand the basics. 200% DB method is also known as double declining balance method. In this…
Q: 1. The cost of a machine is RM7000 and its salvage value is RM800 at the end of 9 years. No use…
A: The formula used is shown:
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Q: The first cost of a certain machine is P20,000 with a salvage value of P1,000 at the end of its…
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1. An equipment costing P750,000 has a life expectancy of 6 years. Using the sum-of-year’s digit method of
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- 3. An asset initially costs P55,000.00 and a salvage value P5,000.00 after 11 years. What is the book value after eight years using straight-line depreciation method?A certain equipment has a first cost of P 12,000 and a salvage value of P 500 at the end of x years. What is the value of x if the annual depreciation is P 1,437.5 using the Straight Line Method?An equipment costing P1.8M has a salvage value of P300,000 after 5 years. Calculate the depreciation value (book value) at the end of 3 years using the straight-line method. A. P860,000 B. P750,000 C. P900,000 D. P700,000
- An equipment costing Php 750,000 has a life expectancy of 6 years. Using the sum-of-the–year’s digit method of depreciation, what must be its salvage value such that its depreciation charge at the fourth year is Php 50,000? Solve show solution.1. The cost of a machine is RM7000 and its salvage value is RM800 at the end of 9 years. No use excel. Calculate the depreciation and the book value for the 4th year using the straight-line method. (D = RM688.89 , BV4 = RM4244.44)A piece of machinery costs P50,000 and has an anticipated P8,000 salvage value at the end of its six-year depreciable life. What is its depreciated value at the end of 4 years? Use sum-of-years digits depreciation.
- The salvage value of the equipment is P100,000 with a service life of 10 years. The annual depreciation on the 5th year was P81,879 using DBM. What will be its annual depreciation on the 7th year? O P51,645 O P89,305.10 O P81,879 O P65,053What is the value of an asset after 8 years of use if it depreciates from its original value of P105,000 to its salvage value of 3% in 12 years using SLM?A piece of machinery costs P50,000 and has an anticipated P8,000 salvage value at the end of its six-year depreciable life. Using straight line method, what is the annual cost of depreciation?
- 3. If the first cost of the item is P3000, its useful life is 6 years and a salvage value of P500. What the is annual rate (%) of depreciation and construct a depreciation table. Refer to the sample table below. Year Depreciation Book valueA piece of machinery costs P50,000 and has an anticipated P8,000 salvage value at the end of its six-year depreciable life. Using straight line method, what is the annual cost of depreciation? a) P7,000 b) P8,000 c) P10,500 d) P12,000A bulldozer has an initial cost of Php 2,000,000. Its salvage value after 12 years is Php 175,000. As a percentage of the initial cost, what is the straight- line depreciation rate of the equipment? O 7.6041% O 6.6041% O 8.6041% O 5.6041%
