A gasoline engine has an annual depreciation of P13,000 for 15 years and salvage value of P20,000. Using sinking fund depreciation with 15% interest. Determine the first cost of the engine
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A: Equipment cost = 570000 Time = 13 years Salvage value = 16000
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A: Given information: Capital stock depreciates at a rate of 15% per year Capital stock started the…
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A: Below is the given value: The annual depreciation should not be more than = 25% Salvage value = 0
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A: Machine initial cost=P480000 Life expectancy=15 years Salvage value= 10% of initial cost
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A: Answer is given below
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A: *SOLUTION :-
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A: Cost=9000 Scrap value=1000
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Q: ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost…
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A: *Answer:
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Q: the depreciation in the third year?
A: Solution: Given Data Asset price = P 10000 Useful life (n) = 20 years Salvage value = 0
A gasoline engine has an annual
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- An electric sewing machine costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annual depreciation cost by the sinking fund method at 5% interest.If an asset has a first cost of P50,000 with a P10,000 estimated salvage value after 5 years, calculate the annual SL depreciation and tabulate the yearly book value. Please show the solution. Solutions in excel are acceptable.If an asset has a cost of 6,000, a salvage value of 1,500, and the annual straight line method depreciation expense is 1,125, what is the useful life of the asset?
- An engineering firm from purchased, 12 years ago, a heavy planner for P50,000 with no salvage value. As the life of the planner was 20 years, a straight line depreciation reserve has been provided on that basis. Now the firm wishes to replace the old planner with a new one possessing several advantages. It can sell the old planner for P10,000. The new one will cost P100,000. How much new capital will be required to make the purchase? - a. P60,000 - b. P55,000 • c. P66,000 - d. P57.000A surface mount PCB placement/soldering line is to be installed for $1,800,000. It will have a salvage value of $90,000 after 5 year Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using straight-line depreciation. ΕΟΥ 0 1 Depreciation 0 1458000 2 1116000 3 4 5 Sum depreciation Balances 1800000 342000 68A manufacturing company purchases a new machine for $10,000. The expected useful life of the machine is 5 years, and it has no residual value. Calculate the annual depreciation expense using the straight-line depreciation method.
- If a certain equipment has a book value P4,863.00 during its 7th year of operation. If the annual depreciation is equal to P802.00 and it has a salvage value of P861.00, using the SLM, what is the recovery period in years?A certain company make it a policy that for any new equipment the annual depreciation cost should not exceed 10% of the original cost at any time with no salvage value, Determine the length of service life necessary if the depreciation method used is straight line, and SF at 8%Using a spreadsheet, compute the book values of $12,000 asset over a seven year life, with declining balanece depreciation (d=0.25). Also, compute the book values of the $12,000 asset using straight line depreciation, with a scrap value of $2,000 after seven years. Determine the book values.
- A motor cycle has an initial cost of P 50,000.00 and a salvage value of P 10,000.00 after 10 years. What is the straight line method depreciation rate as a percentage of the initial cost?Exerei Dude & Sons have just purchased a machine for $325,000 and an additional $25,000 charge for installation onto a truck for mobility. The expected life is 30 years with a salvage value of 10% of the purchase price. For classical straight-line depreciation determine the first cost, salvage value, annual depreciation amounts and book value after 20 years?Your business buys a delivery van for $28,000. You figure the van will be useful for 5 years and have a value of $5,000 at the end of the 5-year period. What is the (a) basis, (b) useful life, (c) salvage value, (d) depreciable basis, (e) accumulated depreciation at the end of year 2 if you take $4,600 depreciation each year, and (f) the book value at the end of year 2?