A small truck is purchased for $132,000. It is expected to be of use to the company for 9 years, after which it will be sold for $15,00 Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the TVM Factor Table Calculator Part a Part b - Use declining balance depreciation using a rate that ensures the book value equals the salvage value: EOY Depreciation Deduction. Unrecovered Investment 0 1 Your answer is partially correct. 2 $ $ 29,333.33 22814.81 $ $ 102,666.67 79851.81

Answer Part A with clear formulas

A machine costs P 7,350, has a life of 8 years and has a salvage value of P 350 at the end of 8 years.  In how many years from now when you can sell the machine at P 2,294.44 if depreciation used is SYD Method?

Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery period (years) 5 Elapsed time since purchase (years) 2 Asset A Installed cost $839,000 The remaining book value is $ (Round to the nearest dollar.) Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Recovery year 1 2 3 4 5 6 7 8 3 years 33% 45% 15% 7% 9 10 11 Totals Percentage by recovery year* 5 years 7 years 20% 14% 32% 19% 12% 12% 5% 25% 18% 12% 9% 8% 7% 6% 6% 6% 4% 100% 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200%) depreciation using the half-year 10 years 10% 18%…

Help please    The following details relate to a particular asset Future Cash flows (per annum) 90,000 Expected period of cash flows 3 years Discount Rate 10% Open market price of asset 210,000 Cost of asset 630,000 Accumulated depreciation 450,000   Calculate both :   a)determine the recoverable amount for this asset        b)Determine whether the asset is impaired

Cost of an x-ray machine is 1.5M pesos that has a useful life of 10 years, salvage value of 20,000 pesos. Find the 5th year depreciation using double declining balance method need answer asap

A tractor for over-the-road hauling is purchased for $105,000.00. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,200.00. Calculate the depreciation deduction and the unrecovered investment during each year of the tractors life. a. Use straight-line depreciation. Provide depreciation and book value for year 6. Depreciation for year 6 = S__ book value for year 6 = S___

An underground rock mechanics testing device is to be double declining depreciated. It has a first cost of $25,000 and an estimated salvage of $2,500 after 12 years. (a) What is book value and market value ? (b)Calculate the depreciation and book value for years 1 and 4. (c) Calculate the implied salvage value after 12 years.

A machine was purchased for 100,000 and has a salvage value of 20,000 what is the total depreciation on the 7th year if the economic life is 10 years? Assume i = 8% Use sinking fund method

A tractor costs $24,140, has an expected life of 12 years, and has a salvage value of $2,300, Use straight line depreciation to find the yearly depreciation Make a depreciation K schedule for the first three years' depreciation Complete the table. Year Depreciation 1 $ 2 $ 3 S Accumulated End-of-year depreciation book value $ $ MAS SAI S 1 cm)