A price of the new machine purchased by ABC company was P50000 and expected to last for 14 years with a salvage value of P8000. Determine the depreciation charge of the machine for the third year of its life and the book value at the end of 8 years using Sum of the Year's Digit.
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A price of the new machine purchased by ABC company was P50000 and expected to last for 14 years with a salvage value of P8000. Determine the
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- The price of a system of jockey pumps is P5,500,000. PLM decided to purchase this system and spent P215,500 for shipping and installation. The equipment will last for 10 years with a salvage value of 3% of its total cost. Determine the following: a. Yearly charge of depreciation using SL method. b. Depreciation charge on the 6 th year, and book value at the end of 8th year using SYD method.A new CNC machine is purchased for $40,000. The salvage value of the CNC machine is expected to be 15% of the initial cost. The CNC machine qualifies for 3-year GDS MACRS depreciation. What is the book value of the CNC machine after two years of depreciation?A price of the new machine purchased by ABC company was P50,000 and expected to lastfor 14 years with a salvage value of P8,000. Determine the depreciation charge of themachine for the third year of its life and the book value at the end of 8 years using Sum ofthe Years’ Digit
- A 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 price of a system of jockey pumps is P6,000,000. PLM decided to purchase this system and spent P215,500 for shipping and installation. The equipment will last for 10 years with a salvage value of 3% of its total cost. Determine the following: a. Yearly charge of depreciation using SL method. b. Respective depreciation charges on the 6th year and 8th year, and book value at the end of 8th year using SYD methodA machine has a first cost of P400,000 and a salvage value of P46,000 17 years from now. If the interest is 10%. Find the annual depreciation(P) using sinking fund method of depreciation.
- Determine the capitalized cost of a new engine that costs P300,000.00 and the projected useful life is 15 years. At the end of its useful life, it is estimated to have a salvage value of P30,000.00.The initial cost of a piece of construction equipment is P30,000,000 having a useful life of 10 years. The estimated salvage value of the equipment at the end of the useful life is P450,000. Determine accumulated depreciation at the end of 5th year using Sinking fund method, if interest rate is 8.2 % per year?The initial cost of a paint sand mill, including its installation is P806,875. The mill will last for 26 years, and the book value is P665,743 at the end of 12 years. The interest rate is estimated to be 9.962%. If the Sinking- Fund method of depreciation is used, determine the following: A. Total depreciation at the end of its life B. Book value at the end of 17 years C. Year at which the book value is half of its original price
- The boiler in a steam power plant costs P 25,000,000 and has a salvage value of P 850,000 at the end of 25 years. Determine the annual depreciation of the equipment using the Straight-line method and Sinking fund method at 5% compound interest annually.A surface mount PCB placement/soldering line is to be installed for $1.6 million. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset’s life. Use declining balance depreciation with a rate that ensures the book value equals the salvage value.A set of Wire Bond machine costs $500,000. This amount includes freight and installation charges estimated at 10% of the original price. If the machine shall be depreciated over a period of 10 years with a salvage value of $5,000, what is the annual depreciation charge and the book value at the end of 7 years using SOYD method?