2. Suppose an item of asset acquired on 5th Jan at the cost of P 50000 has estimated use of 20000 hours. During the first year, the said equipment used was 4000 hours. The estimated salvage value is 4000. Calculate the depreciation expense during the year.

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An equipment has a total depreciation of P35,000 at the end of first year. If the First cost is P140,000 and the salvage value is P10,000. Calculate the uselife by double declining balance method of depreciation.

Subject :- Accounting  Assume an asset with an original cost of $40,000, $6,000 salvage value, is depreciated using straight-line depreciation over 5 years. After year 2, the salvage value was modified to a $2,000 salvage value, with 5 years of depreciation remaining. What is the new yearly depreciation?

A machine costing P480,000 is estimated to have a salvage value of 10% of the first cost when retired at the end of 12 years. Depreciation cost using declining balance method. Find the book value at the end of 5 years.

12 )

A machine has an initial cost of P120,243.85 and a salvage value of P14,751.13 after 9 years. What is the total depreciation after 5 using straight line depreciation.

5. A company buys an asset with a cost of $96,000. They decide on a 6-year useful life and a $6,000 salvage value. What is the MONTHLY depreciation using straight line depreciation?

Economics

Suppose a manufacturing company bought a machine for RM10,000,000. They have estimated the useful life of the machine to be 8 years with a salvage value of RM2,000,000.                                 a.  Calculate the annual depreciation of the asset using the straight-line method.   b.Determine the annual depreciation using the double-declining balance method. Use the given table (below) to fill in the book value (beginning of each year), amount of annual depreciation and the book value (end of each the year)   Year Book value (beginning of year) Depreciation Book value (end of year) 1       2       3       4       5       6       7       8