A crane rental company has acquired a new heavy-duty crane for $310,000. The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of its 11-year life is $40,000. if the crane is rented an average of 115 days per year, what is the depreciation rate per rental? The depreciation is Sper day of rent. (Round to the nearest dollar)

A crane rental company has acquired a new heavy-duty crane for $310,000. The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of its 11-year life is $40,000. if the crane is rented an average of 115 days per year, what is the depreciation rate per rental? The depreciation is Sper day of rent. (Round to the nearest dollar)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

1) Margaret has invested in a project that will cost $17000 upfront and will provide annual revenue of $5700 each year for 10 years. If the interest rate is 15% calculate the present worth of this project. Round your answer to two decimal places. 2) An asset cost $26000 with a salvage value of 2500 after 10 years. Assuming straight line depreciation, calculate the book value in year 4. Round your answer to the nearest dollar. please do both questions
Use 6 decimals while answering thank you
4 03:16:23 Mc Graw Hill Determine if each item below is a traceable or a common fixed cost. Depreciation on equipment used only by one segment Multiple Choice Traceable fixed cost Common fixed cost
what will be the value of the net domestic product at the factor cost if the gross domestic product at the factor cost is $ 7766 and the depreciation is $ 1101
A telephone company purchased a microwave radio equipment for P6,000,000. Freight and installation charges amounted to 3% of the purchased price. If the quipment shall be depreciated over a period of 8 years with a SV of 5%. determine the depreciation charge on the 5th year using sum of the year’s digit method.
An equipment costs 500,000 TL and will be used for 7 years at which time the salvage value will be 80,000 TL. What is annual depreciation and the book value at the end of year 4 if Straight Line Depreciation (SLD) is used? 1. End of Year 1 2 3 4 15 6 7 Depreciation o Book Value 500000 a) O ii) SLD: D4 =71,428; BV4= 214285; b) O i) SLD: D4=70,000; BV4= 340,000; C) O i) SLD: D4 =60,000; BV4= 260,000; d) O i) SLD: D4 =60,000; BV4= 200,000; e) i) SLD: D4 =60,000; BV4= 320,000; Boş bırak
45-46
An auto company purchase a new truck for their transportations at a price of $350,000. The company expects to use the truck years. expected salvage value of the truc k is $50,000 after the end of its tenth years of useful life. Use the SOYD method of depreciation to calculate the By of the truck after 2 year? A: $54,545 B: $246,394 C: $249,091 D: $103,636
What is the depreciation of equipment purchased at 3 years ago for $64,405 if it is depreciated using the sum of the year's digits (SOYD) method? The expected life is 15. year.
A piece of machinery has a cost basis of $50,000 and salvage value will be $5000 after 9000 hours of operation. With units of production depreciation, what is the allowable depreciation rate per hour?
“Study of economics starts by acknowledging life’s trade- offs”. Discuss the statement incontext of principles of economics about individual decision making.
e quanty or capital per e, an increase in the depreciation rate will the curve (n+d)k, and will n, szt (k). Therefore, quantity of capital id output per worker will epreciation rate will make it to bu current savings to keep not affect cause a movement down shift to the right cause a movement up shift to the left