ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Calculate the salvage value of equipment with a service life of 15 years if it was purchased 5 years ago for $120 000 and depreciates at the rate of 10% per year. Select one: a. $60 000 b. $70 859 c. $12 000 d. $24 707 e. $5 400 Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.arrow_forward8BE11-11 Francis Corporation purchased an asset at a cost of $50,000 on March 1, 2014. The asset has a useful life of 8 years and a salvage value of $4,000. For tax purposes, the MACRS class life is 5 years. Compute tax depreciation for each year 2014-2019.arrow_forward2arrow_forward
- 2. An asset purchased for $50,000 has a depreciable life of 5 years, and it has a terminal book (salvage) value of $5,000 at the end of its depreciable life. With the straight-line method of depreciation, what is the asset's book value at the end of year 3?arrow_forwardAn equipment costs 500,000 TL and will be used for 7 years at which time the salvage value will be 80,000 TL. What is annual depreciation and the book value at the end of year 4 if Straight Line Depreciation (SLD) is used? 1. End of Year 1 2 3 4 15 6 7 Depreciation o Book Value 500000 a) O ii) SLD: D4 =71,428; BV4= 214285; b) O i) SLD: D4=70,000; BV4= 340,000; C) O i) SLD: D4 =60,000; BV4= 260,000; d) O i) SLD: D4 =60,000; BV4= 200,000; e) i) SLD: D4 =60,000; BV4= 320,000; Boş bırakarrow_forwardAn auto company purchase a new truck for their transportations at a price of $350,000. The company expects to use the truck years. expected salvage value of the truc k is $50,000 after the end of its tenth years of useful life. Use the SOYD method of depreciation to calculate the By of the truck after 2 year? A: $54,545 B: $246,394 C: $249,091 D: $103,636arrow_forward
- Calculate the value of depreciation of gross value is $120 million and the net value is $100 millionarrow_forwardConsider the following financial information for an engineer: Age: 25Status: Single, no childrenGross Income: $54,000 401k investment: $4000Residential status: RentingTotal eligible itemized deductions: $3000 for charitable donations What is the taxable income? (IF you need to use them, assume the standard deduction for single is $12000 and married is $24000).arrow_forwardA front-end loader costs $70,000 and has a depreciable salvage value of $10,000 at the end of its 5-year useful life. Use MACRS depreciation to compute the depreciation schedule and book value of the equipment.arrow_forward
- 4. Last month, a company specializing in wind power plant design and engineering made a capital investment of $460,000 in physical simulation equipment that will be used for at least 5 years, then sold for approximately 30% of the first cost. By law, the assets are MACRS depreciated using a 3-year recovery period. By how much will the sale cause TI and taxes to change in year 5? The TI will increase by $ and the taxes will increase byarrow_forwardLabor costs, materials, all direct and indirect costs, and facilities and productive equipment with a useful life of one year or less are usually depreciated. O True O Falsearrow_forwardGive typing answer with explanation and conclusionarrow_forward
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