A building with a cost of $170,000 has an estimated residual value of $32,000, has an estimated useful life of 9 years, and is depreciated by the straight-line method. What is the amount of the annual depreciation?
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- At the end of the expected useful life of a depreciable asset with an estimated 15% residual value, the accumulated depreciation would equal the original cost of the asset under which of the following depreciation methods?A building with a cost of $900,000 has an estimated residual value of $360,000, has an estimated useful life of 36 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations.A depreciable asset has a cost of P120,000, estimated useful life of 8 years, and an estimated residual value of P20,000.1. What is the depreciation rate if you are using the straight line method?2. What is the depreciation rate if you are using 150% declining balance method?3. What is the depreciation rate if you are using double declining balance method?Note: For nos. 1 to 3, the rate must be rounded off to two decimal places. Ex: 10.00%, 12.30%, 15.55%4. What is the depreciation rate if you are using the declining balance method?Note: For no. 4, the rate must be rounded off to 6 decimal places. Ex: 10.123456%5. Using SYD method, what is the depreciation expense for the 1st year?6. Using SYD method, what is the carrying amount at the end of the 6th year?7. Using double declining balance method, what is the carrying amount at the end of the 3rd year?
- A depreciable asset has a cost of P120,000, estimated useful life of 8 years, and an estimated residual value of P20,000.1. What is the depreciation rate if you are using the straight line method?2. What is the depreciation rate if you are using 150% declining balance method?3. What is the depreciation rate if you are using double declining balance method?Note: For nos. 1 to 3, the rate must be rounded off to two decimal places. Ex: 10.00%, 12.30%, 15.55%4. What is the depreciation rate if you are using the declining balance method?Note: For no. 4, the rate must be rounded off to 6 decimal places. Ex: 10.123456%5. Using SYD method, what is the depreciation expense for the 1st year?6. Using SYD method, what is the carrying amount at the end of the 6th year?7. Using double declining balance method, what is the carrying amount at the end of the 3rd year? Subparts 4-5 onlyA building with a cost of $112,500 has an estimated residual value of $22,500, has an estimated useful life of 9 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation?$ b. What is the book value at the end of the fifth year of use?$ c. If at the start of the sixth year it is estimated that the remaining life is 5 years and that the residual value is $2,500, what is the depreciation expense for each of the remaining 5 years?$An owner may calculate depreciation using the 'units of production' methods of depreciation. Consider a depreciable asset costing $100,000 that is expected to have a useful life of 120,000 Units of production. Salvage value is estimated to be negligible. Estimated annual production for the next 7 years is 30,000, 30,000, 20,000, and 10,000 per year over the remaining 4 years. Use the 'units of production' depreciation method and determine the depreciation each year.
- A machine with a cost of $50,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. What is the amount of annual depreciation computed by the straight-line method?. An asset was purchased six years ago at a cost of P7,000. It was estimated to have a useful life of ten years with a salvage value of 300 at the end of the time. It is now of no future use and can be sold for only P800. Determine the sunk cost if the depreciation has been computed by: a. The straight-line method. b. The sum-of-the-year’s digits methodA building with a cost of $247,500 has an estimated residual value of $49,500, has an estimated useful life of 9 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations. $ b. What is the book value at the end of the fifth year of use? $ c. If at the start of the sixth year it is estimated that the remaining life is 5 years and that the residual value is $12,500, what is the depreciation expense for each of the remaining 5 years?
- A building with a cost of $1,125,000 has an estimated residual value of $225,000, has an estimated useful life of 36 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations.fill in the blank 1 of 1$ b. What is the book value at the end of the twentieth year of use?fill in the blank 1 of 1$ c. If at the start of the twenty-first year it is estimated that the remaining life is 20 years and that the residual value is $45,000, what is the depreciation expense for each of the remaining 20 years?fill in the blank 1 of 1$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?A building with a cost of $843,750 has an estimated residual value of $168,750, has an estimated useful life of 27 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations.$fill in the blank 1 b. What is the book value at the end of the fifteenth year of use?$fill in the blank 2 c. If at the start of the sixteenth year it is estimated that the remaining life is 15 years and that the residual value is $33,750, what is the depreciation expense for each of the remaining 15 years?