AEC purchased an equipment for its manufacturing plant that costs PHP 3, 750 000 + PHP 10,000 (01). It is estimated to have a useful life of 20 years; scrap value of PHP 375, 000, production of 12,345,678 + 15,000 (01) units and working hours of 100,000 + 1,500 hours. The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on the second year. Solve for the following: a. Double Declining Balance Method - Book value at the end of 2nd year

AEC purchased an equipment for its manufacturing plant that costs PHP 3, 750 000 + PHP 10,000 (01). It is estimated to have a useful life of 20 years; scrap value of PHP 375, 000, production of 12,345,678 + 15,000 (01) units and working hours of 100,000 + 1,500 hours. The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on the second year. Solve for the following: a. Double Declining Balance Method - Book value at the end of 2nd year

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter9: Acquisitions Of Property

Section: Chapter Questions

Problem 46P

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AEC purchased an equipment for its manufacturing plant that costs PHP 3, 750 000 + PHP 10,000 (01). It is estimated to have a useful life of 20 years; scrap value of PHP 375, 000, production of 12,345,678 + 15,000 (01) units and working hours of 100,000 + 1,500 hours. The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on the second year. Sol ve for the following: a. Straight Line Method - Total Depreciation after the 1st year - Book value at the end of 2nd yearKindly provide a COMPLETE and CLEAR solutions.
Mang Juan purchased an equipment for its manufacturing plant that costs PhP 3,750,000 + 10,000(x). It is estimated to have a useful life of 20 years; scrap value of PhP 375,000, production of 12,345,678 + 15,000(x) units and working hours of 100,000 + 1,500(x) hours. The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on thesecond year. Solve for the following: x=09 Sum of Years Digit Method -book value at the end of the 2nd year
AEC purchased an equipment for its manufacturing plant that costs PhP 3,750,000 + 10,000(x). It is estimated to have a useful life of 20 years; scrap value of PhP 375,000, production of 12,345,678 + 15,000(x) units and working hours of 100,000 + 1,500(x) hours. The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on thesecond year. Solve for the following: x=09 Straight Line Method -Total Depreciation after the 1st year -book value at the end of the 2nd year
AEC purchased an equipment for its manufacturing plant that costs PhP 3 750 000. It is estimated to have a useful life of 20 years; scrap value of PhP 375 000, production of 12 345 678 units and working hours of 100 000 hours. The company uses the equipment for 7 884 hours and produced 876 543 units on the first year and 7 883 hours and produced 987 654 units on the second year. Solve for the following:
AEC purchased an equipment for its manufacturing plant that costs PHP 3, 750 000 + PHP 10,000 x (01). It is estimated to have a useful life of 20 years; scrap value of PHP 375, 000, production of 12,345,678 + 15,000 x (01) units and working hours of 100,000 + 1,500 hours x (01). The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on the second year. Solve for the following: e. Sum of Years Digit Method - Book value at the end of the 2nd yearKindly provide a COMPLETE and CLEAR solution. And please don't use Excel.
AEC purchased an equipment for its manufacturing plant that costs PHP 3, 750 000 + PHP 10,000 x (01). It is estimated to have a useful life of 20 years; scrap value of PHP 375, 000, production of 12,345,678 + 15,000 x (01) units and working hours of 100,000 + 1,500 hours x (01). The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on the second year. Solve for the following: f. Declining Balance Method - Rate of Depreciation, RKindly provide a COMPLETE and CLEAR solution.
AEC purchased an equipment for its manufacturing plant that costs PHP 3, 750 000 + PHP 10,000 x (01). It is estimated to have a useful life of 20 years; scrap value of PHP 375, 000, production of 12,345,678 + 15,000 x (01) units and working hours of 100,000 + 1,500 hours x (01). The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on the second year. Solve for the following: b. Working Hours Method- Total Depreciation after the 1st year- Book value at the end of the 2nd yearKindly provide a COMPLETE and CLEAR solution. Don't use Excel.
AEC purchased an equipment for its manufacturing plant that costs PHP 3, 750 000 + PHP 10,000 x (01). It is estimated to have a useful life of 20 years; scrap value of PHP 375, 000, production of 12,345,678 + 15,000 x (01) units and working hours of 100,000 + 1,500 hours x (01). The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on the second year. Solve for the following: c. Service Output Method- Book value at the end of the 2nd year
AEC purchased an equipment for its manufacturing plant that costs PHP 3, 750 000 + PHP 10,000 x (01). It is estimated to have a useful life of 20 years; scrap value of PHP 375, 000, production of 12,345,678 + 15,000 x (01) units and working hours of 100,000 + 1,500 hours x (01). The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on the second year. Solve for the following: d. Sinking Fund Method (i=8%)- Book value at the end of the 1st yearKindly provide a COMPLETE and CLEAR solution.
AEC purchased an equipment for its manufacturing plant that costs PHP 3, 750 000 + PHP 10,000 x (01). It is estimated to have a useful life of 20 years; scrap value of PHP 375, 000, production of 12,345,678 + 15,000 x (01) units and working hours of 100,000 + 1,500 hours x (01). The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on the second year. Solve for the following: e. Sum of Years Digit Method - Book value at the end of the 2nd yearKindly provide a COMPLETE and CLEAR solution.
A company purchased an equipment for its manufacturing plant that costs PhP 3,750,000 + 10,000(x). It is estimated to have a useful life of 20 years; scrap value of PhP 375,000, production of 12,345,678 + 15,000(x) units and working hours of 100,000 + 1,500(x) hours. The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on thesecond year. Solve for the following: x=09 Double Declining Balance Method -book value at the end of the 2nd year
A company purchased an equipment for its manufacturing plant that costs PhP 3,750,000 + 10,000(x). It is estimated to have a useful life of 20 years; scrap value of PhP 375,000, production of 12,345,678 + 15,000(x) units and working hours of 100,000 + 1,500(x) hours. The company uses the equipment for 7,884 hours and produced 876,543 units on the first year and 7,883 hours and produced 987,654 units on thesecond year. Solve for the following: x=09 Service Output Method -Total Depreciation after the 1st year -book value at the end of the 2nd year