Bob's Umbrella Corporation has purchased equipment for $200,000. The expected useful life is 10 years with $0 residual value. Prepare a depreciation schedule showing what the annual depreciation value, accumulated depreciation and book value will be for the next 10 years. Use the straight line depreciation method.
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- A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years. Prepare depreciation schedules reporting the depreciation expense, accumulated depreciation, and book value of the machine for each year under the double-declining-balance and sum-of-the-years-digits methods. For the double-declining-balance method, round the depreciation rate to two decimal places.A commercial company plans to buy the device for $ 20,000 and is expected to sell it for $ 8,000 in the future.The useful life of the device is estimated at 8 years. It is desirable to calculate the depreciation of first year using Straight line depreciation.A surface mount PCB placement/soldering line is to be installed for $1.6 million. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset’s life. Use straight-line depreciation.
- A piece of equipment is purchased for $110,000 and has an estimated salvage value of $10,000 at the end of the recovery period. Prepare a depreciation schedule for the piece of equipment using the sum-of-the-years method with a recovery period of seven years. Please answer in excel with each cells formula.A tractor costs $23,940, has an expected life of 12 years, and has a salvage value of $2,100. Use straight-line depreciation to find the yearly depreciation. Make a depreciation schedule for the first three years' depreciation. Complete the table. Year Depreciation Accumulated depreciation End-of-year book value 1 $enter your response here $enter your response here $enter your response here 2 $enter your response here $enter your response here $enter your response here 3 $enter your response here $enter your response here $enter your response hereYou have just bought a new pusher dozer for your equipment fleet. Its cost is $100,000. It has salvage value of $12,000 at the end of its service life. a) Calculate the depreciation using the straight-line method. Show the table with the book value and the depreciation for each year. b) Calculate the depreciation using the DDB method. Show the table with the book value and the depreciation for each year. c) The new pusher dozers $35,000/year for your company during its service life. Determine the tax amount owed at the end of each year if your marginal tax rate is 25% for the income made using this new equipment. Perform this tax calculation separately, once using straight-line depreciation and then using DDB depreciation. d) Based on your calculations for part (c), which depreciation method would you use to file the taxes.
- A) Calculate the SYD depreciation charges for year 2 for electro-optics equipment with B = 25,000SR, S = 4000SR, and an 8-year recovery period. B) An asset has a first cost of 100,000SR with 20,000SR salvage value after 5 years: Calculate the annual depreciation and compute the book value of the asset by the end of each year using straight line depreciation.An equipment has an initial cost of 20,000 and a salvage value of 5,000 after 12 years. Find the book value after 7 years using straight line depreciation.A surface mount PCB placement/soldering line is to be installed for $1,400,000. It will have a salvage value of $70,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using declining balance depreciation using double declining balance switching to straight line depreciation. ΕΟΥ 0 1 2 3 4 5 Sum depreciation Depreciation Balance
- A surface mount PCB placement/soldering line is to be installed for $1,000,000. It will have a salvage value of $90,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using declining balance depreciation using double declining balance switching to straight line depreciation. EOY Depreciation Balance 1 3 4 Sum depreciation Round entry to two decimal places. The tolerance is ±10.1. The cost of a certain machinery is $30,000. Its useful life is 6 years, and its resale value is $5,000. Estimate the book value of the machine after 2 years, using constant percentage depreciation method. Tabulate the annual depreciation amounts and the book value of the equipment at the end of each year.A machine, purchased for$50,000, has a depreciable life of five years. It will have an expected salvage value of $4,500 at the end of the depreciable life. Find the yearly depreciation, Book value every year using the following methods. If the machine has a capacity of 50,000 units for its life span. What is the depreciation and book value if the machine produces 20,000 units, 15,000 units, 10,000 units, 3,000 units and 2,000 units yearly from year 1 to 5 accordingly.