Answered: An asset is purchased for Php50,000.…

Name: An asset is purchased for Php50,000. The salvage value in 25 years is
Uploaded: 2022-05-24T13:26:03.000Z
Channel: Bartleby
Description: An asset is purchased for Php50,000. The salvage value in 25 years is Php100,00. What are the depreciation in the first three years using straight line method?

Business

Finance

An asset is purchased for Php50,000. The salvage value in 25 years is Php100,00. What are the depreciation in the first three years using straight line method?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

An asset is purchased for $500,000. Salvage in 25 years is $100,000. What are the depreciation in the first three years using single line, double declining balance, and sum-of-the-years digits depreciation methods?
ECONOMICS A machine cost P 1,800,000.00. It has a salvage value of P 300,000.00 at the end of 5 years. If money is worth 6% annually. Determine the depreciation charge during the 3" year and the book value at the end of 3 years by the: (a) Straight Line Method (b) Sinking Fund Method (c) Declining Balance Method (d) Double Declining Balance Method (e) Sum-of-the-Year-Digits Method
A certain equipment has a first cost of P 12,000 and a salvage value of P 500 at the end of x years. What is the value of x if the annual depreciation is P 1,437.5 using the Straight Line Method?
A construction equipment costs 700,000 pesos and will have a salvage value of 30% of its original cost when retired at the end of 4 years. What is the first year’s depreciation cost? Use sum of years digit method.
A company purchases an asset of Php15,000 and plans to keep it for 20 years. If the salvage value is zero at the end of 20 years, what is the depreciation in third year? Use Sum of the Years Digit method.
How would you calculate the depreciation of an asset using the sum of digits method if the asset has an initial cost of Rs. 10,000, a salvage value of Rs. 2,000, and an estimated useful life of 5 years?
An equipment in a factory has an initial cost of Php200,000. Its salvage value after ten years is Php20,000. As a percentage of the initial cost, what is the straight-line depreciation rate of the equipment?
A tool is purchased for $500,000. The expected life is 25 years. The salvage value is $100,000. what is the second year’s depreciation using the double declining balance method.
Engineering Economy Compute the accumulated depreciation in 8 years of an equipment with FC of ₱1 500 000 and expected to last in 15 years. Using SOYD the salvage value of the equipment is ₱200 000.
Asset purchased for $900,000. The expected life is 5 years. salvage value is $100,000. what is the Fourth year depreciation using the straight line method.
An asset is purchased for Php9,000. Its estimated life is 10 years, after which it will be sold for Php1,000.00. Find the book value during the second year if the sum-of-the- years-digit (SOY) depreciation is used.
I am using MACRS for depreciation. Purchase date: September 1st Cost: $650,000 Salvage: $30,000 Life: 7 years What percent do I use to calculate depreciation for years 1-8?

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS