For its fabricated metal products, the able Corp. is buying $10 000 worth of special tools that have a 4- year useful live and no salvage value. Compute the depreciation and the book value after 2 years by each of the following methods A) Double declining balance B) Sum of years digits C) CCA for class 12 assets (CCA=100%)

A video-recording system was purchased 3 years ago at a cost of $40,000. A 5-year recovery period and DDB (Double Declining Balance) depreciation have been used to write off the basis. The system is to be replaced this year with a trade-in value of $4,000. What is the difference between the book value and the trade-in value? The difference between the book value and the trade-in value is $

Give typing answer with explanation and conclusion

A machine has a 1st cost of P 140,000 and a life of 8 years with a salvage value of P10,000 at the end of its useful life. Using double declining balance method   a. What is the Book Value on the 3rd year?   b. What is the depreciation charge in the 4th year?

Given:  Desk purchased January 12 for $2,000; 8-year useful life; $600 salvage value.  Calculate depreciation, to the nearest dollar, for year 2 using the 200% declining-balance method.

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An oil refinery has decided to purchase some new drilling equipment for $440,000. The equipment will be kept for 7 years before being sold. The estimated SV for depreciation purposes is to be $18,000. Using the SL method, what is the BV at the end of the depreciable life? Choose the correct answer below. A. The BV at the end of the depreciable life is $36,000. B. The BV at the end of the depreciable life is $44,857. C. The BV at the end of the depreciable life is $18,000. D. The BV at the end of the depreciable life is $0.

A $150,000 asset has been depreciated with the straight-line method over an 8-year life. The estimated salvage value was $30,000. At the end of the fifth year, the asset was sold for $90,000. From a tax perspective, what is happening at the time of disposal and what is the dollar amount?

A video-recording system was purchased 3 years ago at a cost of $38,000. A 5-year recovery period and DDB (Double Declining Balance) depreciation have been used to write off the basis. The system is to be replaced this year with a trade-in value of $5,500. What is the difference between the book value and the trade-in value? The difference between the book value and the trade-in value is $  .

Thank you    A drilling machine was acquired by Western Harverster Co at a cost (B) = $50,000 with a 5-year recovery period and salvage value S =$10,000. What is the depreciation in year 3 using MACRS? Using MACRS, what fraction of the initial $50,000 will be cumulatively depreciated by the end of year 3? If MACRS depreciation is used, what is the Book Value at the end of year 2?