A hospital in a rural community operates the ambulance service. The hospital purchases a new ambulance for $150,000. They estimate a useful life of 10 years and a salvage value of $20,000. What is the annual charge for depreciation on this asset?
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A hospital in a rural community operates the ambulance service. The hospital purchases a new ambulance for $150,000. They estimate a useful life of 10 years and a salvage value of $20,000.
What is the annual charge for
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- The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.A rural cooperative purchased a trencher at a cost of P230,500.00. It is estimated that the trencher will have a salvage value of P25,000.00 after digging 300,000 meters of irrigation canals. Determine the book value of the trencher after two years, if it was used to dig 50,000 meters on the first year and 75,000 meters on the second year. (Ans. P144,875.00)a ABC company purchased a machine use to their business whose first cost is P 500,000 with an estimated life of 10 years. The estimated salvage value of the equipment at the end of its lifetime is P 25,000. Determine the depreciation charge and book value at the end of various years using the straight line method of depreciation.
- A machine that costs $8,000 is expected to operate for 10 years. The estimated salvage value at the end of 10 years is $0. The machine is expected to save the company $1,554 per year before taxes and depreciation. The company depreciates its assets on a straight-line basis and has a marginal tax rate of 35 percent. What is the internal rate of return on this investment?A project will cost $45,000 to develop.• When the system becomes operational after a one-year development period, operational costs willbe $9,000 during each year of the system’s five-year useful life.• The system will produce benefits of $30,000 in the first year of operation, and this figure willincrease by a compound 10% each year.What is the payback period for this project?ABC Inc. must purchase a welding machine. The following is known about the machine and about possible cash flows. p=.40 p=.30 p=.30 First cost $40,000 $40,000 $40,000 Annual savings 2,000 5,000 8,000 Annual costs 12,000 8,000 6,000 Actual salvage value 4,000 5,000 6,500 The machine is expected to have a useful life of 8 years. The company has a MARR of 7%. Determine the NPW of the machine.
- Williams Auto has a machine that installs tires. The machine is now in need of repair. The machineoriginally cost $10,000 and the repair will cost $1,000, but the machine will then last two years.The labor cost of operating the machine is $0.50 per tire. Instead of repairing the old machine,Williams could buy a new machine at a cost of $5,000 that would also last two years; the labor costwould then be reduced to $0.25 per tire. Should Williams repair or replace the machine if it expectsto install 10,000 tires in the next two years?An elevator company has redesigned their product to be 50% moreenergy efficient than hydraulic designs. Two designs are beingconsidered for implementation in a new building.(a) Given an interest rate of 20% which bid should be accepted?Alternatives A BInstalled cost $45,000 $54,000Annual cost 2700 2850Salvage value 3000 4500Life, in years 10 15A lathe costs $56,000 and is expected to result in net cash inflows of $20,000 at the end of each year for three years and then have a market value of $10,000 at the end of the third year. The equipment could be leased for $22,000 a year, with the first payment due immediately. If the organization does not pay income taxes and its MARR is 10%, show whether the organization should lease or purchase the equipment.
- A group is planning to back the production of a new musical at Lusaka Playhouse. It would cost K100 000 to stage for the first month. If well received by critics, it will be kept on for a further six months earning a profit of K350 000. If critics dislike it, it will close at the end of the first month. There is a 50: 50 chance of a favourable review. Should the group invest in the musical? A business wants to decide whether to launch a new product. If the product is launched there are two elements of uncertainty: 0.70 probability that sales that sales will be 8000 units per month and 0.30 that sales will be 5000 units per month. If sales are 8000 units per month, there is a 0.5 probability that the contribution per unit will be K2 and a 05 probability that it will be negative –K1. With sales of 5000 units there is a 0.6 probability that the contribution per unit will be K3 and a 04 probability that it will be K3 and a 0.4 probability that it will be K1. Advise…Matt Mona is in the process of purchasing a motel near a college town. Themotel costs $3,500,000. The lot costs $500,000. Furniture and furnishings cost $700,000 and should be recovered in seven years (seven-year MACRS property), while the cost of the motel building should be recovered in 39 years (39-year MACRS real property placed in service on January 1). The land will appreciate at an annual rate of 5% over the project period, but the building will have zero salvage value after 25 years. When the motel is full (100% capacity), it takes in (receipts) $6,000 per day for 365 days per year. The motel has fixed operating expenses, exclusive of depreciation, of $430,000 per year. The variable operating expenses are $220,000 at 100% capacity and vary directly with percent capacity down to $0 at 0% capacity. If the interest rate is 10% compounded annually, at what percentage capacity must this motel operate in order to break even? (Assume that Matt's tax rate is 30% and the project life is…Option 2: Raise prices by 50%. If this occurs, there is a 75% chance that an Entrepreneur will set up in competition this year. The board’s estimate of its annual profit in this situation would be as follows: 2A: With new competitor 2B: Without new competitor Probability Profit (Sh.) Probability Profit (Sh.) 0.25 150,000 0.5 200,000 0.5 120,000 0.3 150,000 0.25 80,000 0.2 100,000 Option 3: Expand the car park quickly at a cost of Sh. 50,000 keeping prices theSame. The profits are then estimated to be like 2B above, except that the probabilities would be 0.6, 0.3 and 0.1 respectively. Required: Draw a decision tree for the above problem, including all the relevant data. Using expected values analyze the decision tree and recommend the best option to the owners of the car park.