An asset with a cost of $100,000 and accumulated depreciation of $80,000 is sold for $8000. What is the amount of the gain or loss on disposal of the plant asse

Q: An industrial plant bought a generator set for P90,000. Other expenses including installation…

A: * SOLUTION :-       The given data is,

Q: A company paid $200,000 for a machine to make a new product. The machine has a 5 year life and a…

A:

Q: What is the depreciation deduction, using 200% DB method, after year 2 for an asset that costs…

A: Given  The initial cost of the asset (P) =₱60430 Salvage value (F)= ₱7000 Expected useful life (n)=5…

Q: Should the company replace the old machine?

A:

Q: Performing replacement studies requires knowledge of the depreciation schedule and of taxable e…

A: Knowledge of depreciation schedule and taxable gains or losses on disposal is required while…

Q: d. Determine the level of production and profits at equilibrium. Is the amount of output at…

A: a. Firm 1 takes firm 2's price to be given and solves, maxp1…

Q: Daily Enterprises is purchasing a $9.8 million machine. It will cost $55,000 to transport and…

A: The term depreciation refers to an accounting method used to allocate the cost of a tangible or…

Q: A certain equipment costs P 7,000 and a salvage value of P 350 at the end of its economic life.…

A: We have first cost of the equipment FC=7000 Salvage value =350 Book value at the end of 4 years is…

Q: A crane rental company has acquired a new heavy-duty crane for $280,000. The company calculates…

A: here we calculate the depreciation rate per rental so the calculation of the following as follow-

Q: True or False: The process used to allocate the cost of intangible assets, such as patents,…

A: It can be defined as a concept that shows the amount of expenditure and any other sacrifice such as…

Q: A piece of machinery at a maunfacturing plant has a cost basis of $50,000, and a salvage value of…

A: Salvage value is the expected book value of an asset after depreciation has been applied, depending…

Q: A certain copier machine cost P150,000 with a trade-in value of P15,000 after making 800,000 copies.…

A: According to the unit of production  based depreciation method, depreciation charge is calculated as…

Q: A piece of equipment costs $53,000. Its estimated salvage value after eight years is $13,000. A.…

A: Given: Cost of equipment=$53000 Salvage value=$13000 Life=8 years

Q: A machine has a first cost of P113,222.48 and has an expected salvage value after 10 years…

A: Machines and equipment lose some of their value over time due to wear and tear. Depreciation…

Q: Ilana Industries, Inc., needs a new lathe. It can buy a new high-speed lathe for $1.08 million. The…

A: A financial statistic called Net Present Value (NPV) serves as a financial future vision for making…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: (A) Sum of the Years Digit MethodTotal Depreciation Expense=100,000(120,000-20,000)Sum of the Years…

Q: Wildhorse Company purchased a computer for $9.440 on January 1, 2019. Straight-line depreciation is…

A: Economic depreciation is a measure of the decrease in the market value of an asset over time from…

Q: 12. A video-recording system was purchased 3 years ago at a cost of $39,000. A 5-year recovery…

A: The double declining balance method (DDB) describes an approach to accounting for the depreciation…

Q: f an asset has a cost of 6,000, a salvage value of 1,500, and the annual straight line method…

A: Given data: Initial asset cost is 6000 Salvage value is 1500 Depreciation expense is 1125

Q: What is the depreciation deduction, using 200% DB method, after year 4 for an asset that costs…

A: Given  The first cost of the asset (P) =67894 Salvage value (F)=7000 Life =7 years We have to…

Q: Bird Wing Bedding can lease an asset for 4 years with payments of $19,000 due at the beginning of…

A: A lease rate is paid for renting an asset, such as real estate or a car, for a certain period. The…

Q: A tax- and duty-free importation of a 30hp sand mill (for paint manufacturing) cost 360,000. CIP…

A: In the question above, it is given that :  Manufacturing Cost = 360,000 Bank charges and brokerage…

Q: Q7.Jett Gas LLC has total sales of $1,479,600 and costs of $914,300. Depreciation is$41,650 and the…

A: Operating cash flow (OCF) is a measure of the amount of cash generated by a company's normal…

Q: New equipment costing $30,000 has a 5-year life and no salvage value. Benefits are expected to be…

A:

Q: A man bought a machine for $ 535705 six years ago. It has a salvage value of $ 36957 four years from…

A: We have,

Q: A gas-powered electric generator is purchased by a public utility as part of an expansion program.…

A: During the useful life of a physical asset, the asset's cost is depreciated using an accounting…

Q: Six years ago, a company purchased $30,000 of equipment. The equipment has just been sold for $5000.…

A: Present Worth is defined as the current value of future cashflows  It can be calculated as :…

Q: Major medical complexes and their service providers continue to move toward advanced health…

A: The ordinary depreciation strategy is doubled by the double falling balance depreciation method,…

Q: An equipment costing P250, 000 has an estimated life of 15 years with a book value of P30, 000 at…

A: Cost of equipment = 250,000 Life = 25 years Salvage Value = 30,000

Q: NPV, IRR, MIRR

A: Capital Budgeting refers to the process of allocating the planned capital expenditure to various…

Q: Straight Line Depreciation Example: If an asset costs $20,000, has an estimated salvage value of…

A: If an asset costs $20,000, has an estimated salvage value of $5,000 and a useful life of 5 years,…

Q: Winthrop Company has an opportunity to manufacture and sell a new product for a five-year period. To…

A: NET PRESENT VALUE  Net present value (NPV) is a financial measure that calculates the difference…

Q: Complete the table.

A: Given cost of tractor = 24,680 $ Time = 12 years Salvage = 2600 $ Depreciation under straight line…

Q: An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the…

A: Straight line depreciation expense Straight line depreciation expense = (Cost of the Equipment -…

Q: Q1/ Purchased price mechanism of ($130,000), and an estimated economic life (8) years estimated…

A: Calculation of depreciation during second year and fifth year and book value during fourth year and…

Q: 8. Some seed cleaning equipment was purchased in 2009 for $8,700 and is depreciated by the double…

A: The double declining balance method of accelerated depreciation is a type of accelerate depreciation…

Q: Problem 6: ZYK Corporation makes its policy that for a new piece of equipment purchased, the annual…

A: Given that, annual depreciation must not exceed 20% of the first cost we have to find the length of…

Q: An equipment costs #3839918 with the estimated salvage value of P541958 at the end of 7 years. What…

A: Given  The first cost of the equipment (P) =3839918 Salvage value (F)=541958 Life of the equipment…

Q: Show manual solutions and depreciation schedule/table.  An equipment costing P250,000 has an…

A: The declining balance method is a sped-up deterioration process for recording bigger devaluation…

Q: what will be the value of the net domestic product at the factor cost if the gross domestic product…

A: Generally in the given question Value of the gross domestic product at the factor cost is = $7766…

Q: A certain company make it a policy that for any new equipment the annual depreciation cost should…

A: As per given information:- Depreciation method = straight line Sinking Fund Rate = Depreciation…

Q: alo

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: A machine was purchased for Rupees 1,00,000, the estimated useful life of which is 8 years. The…

A: The written Down Value (WDV) method is a depreciation technique that applies a constant depreciation…