A laboratory equipment costing ₱116,000 has a projected salvage value of ₱13,000 after 6 years of use. After 3 years of operation, a terrible accident made it a total loss. If a depreciation reserve was maintained in a bank account during its 3 years of operation using the straight line method, how much is in the account at the time of the accident?

Q: A machine, purchased for $11,000, has a depreciable life of 5 years. It will have an expected…

A: As per the double-declining method, the depreciation rate is charged at a double rate of the…

Q: Equipment with a cost of $305000 has an estimated salvage value of $21000 and an estimated life of 4…

A: DEPRECIATION EXPENSEDepreciation means gradual decrease in value of assets due to normal wear and…

Q: 2. An electronic computer was purchased by a company for $90,000 and is assumed to have a salvage…

A: Electronic Computer = $90,000 SAlvage Value = $10,000 Years = 10 Depreciation each year = [Cost -…

Q: An equipment worth Php 350000 has an anticipated salvage value of Php (15000x8) at the end of its…

A: Double declining depreciation rate = Straight line depreciation rate x 2 = (100/5 years) x 2 = 40%

Q: value of P30, 000 at the end of the per iod. Compute the depreciati nd its book value after 10 years…

A: We can also find the declining depreciation by declining rate which is founded in below table and it…

Q: An automated assembly robot that cost $378,000 has a depreciable life of 5 years with a $80,000…

A: DEPRECIATION EXPENSES Depreciation means gradual decrease in the value of an asset due to normal…

Q: The equipment is worth P56,000 with a salvage value of P15,000 at the end of 5 years. If the…

A: Cost of Equipment 56000 Less: Salvage value 15000 Depreciable value 41000 Estimated life 5…

Q: What is the total investment cost for this machine? By what amount did the recovered depreciation…

A: Depreciation: Depreciation is the accounting method used for assets. Which allocates the cost of the…

Q: A piece of certain equipment has the first cost of ₱90,000 and a salvage value of ₱4,500 at the end…

A: 1. Depreciation Expenses - Depreciation Expenses are the expense incurred on the wear and tear of…

Q: A new machine has been purchased for PHP 300,000 with a useful life of 8 years and a salvage value…

A: Depreciation is the amount that is reduced from the value of assets and there are several methods of…

Q: DEPRECIATION Other BV1 BV2 BV7 BV10 МЕТНODS Unknowns SL Method d15 = DB Method R = SF Method (i =…

A: Depreciation: It is the decrease of the cost  of an asset  in a methodical way until the worth of…

Q: A piece of earth-moving equipment was purchased at a cash price of P25,000. The life of this…

A: To determine the annual depreciation of the earth-moving equipment, we can use the sinking fund…

Q: An engineer bought equipment for P500,000. He spent an additional amount of P30,000 for the…

A: The salvage value is the remaining value of a fixed asset at the end of its useful life.   Given…

Q: Equipment costing $83000 with a salvage value of $15000 and an estimated life of 8 years has been…

A: Depreciation is the Accounting method by which the cost of a tangible asset is spread over the…

Q: A Computer has a cost of P14,200 and no salvage value has a depreciation charge of P4,200 during its…

A: Let the useful life = n years First cost (C) = P 14200 Salvage value (S) = 0

Q: An equipment has a first cost of Php20,000 and has a salvage value of Php2,000 after 10 years. What…

A: Depreciation expense: Depreciation expense is the reduction in a particular asset due to its use or…

Q: An automated assembly robot that cost $400,000 has a depreciable life of five years with a $100,000…

A: The book value is the cost of the assets less the depreciation for the period. The depreciation is…

Q: A laboratory equipment costing ₱137,000 has a projected salvage value of ₱11,000 after 6 years of…

A: solution given cost of asset (P)               =137,000 salvage value (L)              =11000  n…

Q: NUBD Co. purchased a new machine on January 1 of this year for an amount of P85,000, with an…

A: Bail payback is calculated to know the length of time needed to pay back the initial invested amount…

Q: What would be the book value after three years using the DDB?

A: In double declining balance method, the depreciation is calculated based on book value of assets.…

Q: A metal product company has decided to purchase a new cutting equipment forP100,000. This equipme…

A: Solution Given Cost of asset 100000 Life 10 years Salvage value 5000 Method…

Q: A company bought a new conveyor belt for $ 182,000. If it depreciates on a straight-line basis at $…

A: The useful life of machine can be calculated with the help of straight line depreciation formula

Q: An equipment costing P500,000.00 has a salvage value of P56,992.00 Determine its book value after…

A: Every fixed asset loses its value over a period. Depreciation is being recorded on the cost of…

Q: The original cost of a certain machine is P150,000.00, has a life of 8 years with a salvage value of…

A: Declining Balance Method of Depreciation :— Under this method, depreciation expense is calculated by…

Q: An earth moving equipment has a first cost of P 25,000, estimated life of 6 years, with no salvage…

A: In Sinking fund method, the depreciation of the asset is calculated to accumulate the amount of…

Q: 21. An engineer bought equipment for P500,000. HE spent an additional amount of P30,000 for…

A: Depreciation is a way of declining the cost of assets over the useful life of assets, the company…

Q: A four-storey industrial building has a depreciated value of P890,000 at the start of 18th year and…

A: Current depreciated value = P890,000  After 17 years Salvage value =P50,000 Original Cost = To be…

Q: Gato Company invested in a machine with a useful life of six years and no salvage value. The machine…

A: Time adjusted rate of return = IRR = 10% Annual cash inflow (A) = P 6000 Let the original investment…

Q: Why is the salvage value $480,000 in the spread sheet? Is that supposed to be $240,000?

A: Given: Fixed asset will have a market value of $240,000 at the end of the project.   Working Note#1…

Q: s a salvage value of P 500,000 at the end of its economic life. Using the Sum of the Years Digit…

A: Salvage value is the expected book value of an asset after depreciation, based on what a company…

Q: . A machine costs 2,500,000. At the end of its economic life of five years, its salvage value is Php…

A: Sum of years depreciation aims to depreciate a company's assets at an accelerated rate. Companies…

Q: A MACHINE COSTS P 7,000,000.00 LAST 4 YEARS AND HAS A SALVAGE VALUE OF P 350,000. USE DELINING…

A: Double declining depreciation rate = Straight line depreciation rate x 2 = (100/4 years) x 2 = 50%…

Q: Straight Line Method Double Declining Balance Method Sum-of-Years Digits Method Declining Balance…

A: Straight Line Method: Depreciation = (Purchase price - Salvage value)/functional life

Q: a. What is the Book Value (BV) of the asset at the end of the fourth year using the SL method? b.…

A: a) Schedule of depreciation under Straight line method: Depreciation under WDV = (75000-5000)/10 =…

Q: A company acquired equipment that cost $12,000 by paying $1,000 cash and obtaining a loan of…

A: Annual Depreciation = Total Cost of Asset - Salvage ValueUseful life

Q: A construction machine was purchased at a price of $10,000 with a recovery value of $2000 after a…

A: Depreciation is the decrease in the value of assets after using it. Over the period of time, the…

Q: An equipment in a factory has an initial cost of Php200,000. Its salvage value after ten years is…

A: Annual Depreciation (straight line method) = (Cost of the assets - Residual value) / Expected life…