A machine shop purchased a P45000 of equipment. What is the yearly straight line depreciation straight expense for the equipment if it has a life time of 10 yrs. and has a salvage value of P5000? a. 6000/yr b.4000/yr c.7000/yr d.5000/yr
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A machine shop purchased a P45000 of equipment. What is the yearly straight line
a. 6000/yr
b.4000/yr
c.7000/yr
d.5000/yr
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- An engineer bought equipment for P500,000. HE spent an additional amount of P30,000 for installation and other expenses. The estimated useful life of the equipment is 10 years. The salvage value is x% of the first cost. Using Straight line method of depreciation the book value at the of 5 years will be P291,500. What is the value of x? 16.60 12.00 10.00 14.50Using straight-line depreciation, what is the book value after 2 years for an asset costing $152700 that has a salvage value of $32600 after 10 years?A building has a salvage value of P1,000,000O at the end of its useful life of 50 years. The straight line depreciation is P2,000,000 each year. Find the first cost of the building P102 million P110 million P101 million O P100 million
- Tiffany bought a piece of equivalent for $40,000. The equipment has a useful life of 5 years and a salvage value of $500 at the end of its useful life. Assume that the interest rate per year is 10%. (a) Calculate the depreciation for year 4, using DDB. O $3456 O $3640 O $3820 O $4070A piece of machinery costs P50,000 and has an anticipated P8,000 salvage value at the end of its six-year depreciable life. What is its depreciated value at the end of 4 years? Use sum-of-years digits depreciation.The original cost of a certain machine is P150,000.00, has a life of 8 years with a salvage value of P9,000.00. How much is the depreciation on the 5th year, if the constant percentage of declining value is used.
