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?

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.

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?

An asset is purchased for $90,000 with the intention of keeping it for 10 years, but is sold at the end of year 3. A total of $30,000 was borrowed money that was to be repaid over three years in equal annual payments, including principal and interest. The depreciation is correct for the appropriate MACRS Recovery Period. MARRAT = 12%. a. What is the MACRS property class of the asset? b. What is the salvage value received at the end of year 3? c. What is the loan interest rate? d. What is the book value at the end of year 3? e. Determine the values of the entries in the empty cells.

An asset is purchased for $90,000. It is expected to have a useful life of six years and a salvage value of $18,000 at the end of its useful life. Find the BV at the end of the second year using the SL method.

If an asset has a first cost of $50,000 with a $10,000 estimated salvage valueafter 5 years, calculate the annual SL depreciation and plot the yearly bookvalue.

A data server is purchased for Php 450,000. The salvage value in 18 years is Php 25,000. What is the total depreciation in the twelfth year using straight line method? Php 283,333.33 Php 284,333.33 Php 282,333.33 Php 285,333.33

The machine cost 20,000 pesos with a useful life of 10 years. If the book value at the end of 6th year is 9,280 pesos and worth of money is 3% annually. Determine the salvage valye by sinking fund method of depreciation.

You have bought an asset which costs $15,000. You depreciate it using the Straight Line Depreciation method. If salvage value for the asset is $3,000, and the asset’s useful life is 3 years, what is the annual depreciation?