M9-4 Computing Book Value (Straight-Line Depreciation) A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of four years. The company uses straight-line depreciation. Calculate its book value at the end of year 3.
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Book value = Original cost - Accumulated Depreciation
Under the straight line depreciation method, the depreciable cost of the asset is distributed to its useful life equally.
Straight line depreciation = (Orginal cost - Residual value) / Useful life
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- A machine costing P45,000 is estimated to have a salvage value of P4,350 when retired at the end of 6 years. Depreciation cost using declining balance method. What is the annual rate of depreciation. 32.25% 28.38% P44.24% 37.33%A machine costing P480,000 is estimated to have a salvage value of 10% of the first cost when retired at the end of 12 years. Depreciation cost using declining balance method. Find the book value at the end of 5 years. P151,789.33 P222,796.26 P192,901.23 O P183,896.76A machine with a cost of $50,000 has an estimated residual value of $3,743 and an estimated life of 5 years or 18,397 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a.$12,000.00 b.$20,000.00 c.$10,000.00 d.$18,502.80
- A machine costing P550,000 has an estimate scrap value of P85,000 at the end of its economic life of 8 years. Using the Double-Declining Balance Method of depreciation, what is its book value after four years of service? A. P130,518 B. P174,023 C. P216,217 D. P214,167A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of four years or 18,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $17,500 b. $37,500 c. $18,750 d. $16,667A machine with a cost of $100 000 has an estimated residual value of $10 000 and an estimated life of five years or 45 000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the third full year, during which the machine was used 9 500 hours? O $19,000 O $21,111 O None of the other alternatives O $16,000
- T1. A machine has a cost of $17,100, an estimated residual value of $4,020, and an estimated service life of seven years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation? (Do not round your intermediate calculations. Round annual depreciation amount to the nearest dollar amount.) Multiple Choice $1,869 $3,737 $13,363 $4,886A machine with a cost of $63,800 has an estimated residual value of $4,360 and an estimated life of 5 years or 16,664 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $12,760.00 b. $25,520.00 c. $15,312.00 d. $23,776.00A machine having a first cost P60,000 will be retired at the end of 8 years. Depreciation cost is computed using the fixed percentage or the declining balance method. What is the total cost of depreciation up to the time the machine is retired if the annual rate of depreciation is 28.72%. 56,001.54 57,002.25 O65,345.25 58,002.45 54,002.45
- 42. A machine cost P 2750000 and has a residual value at 7% of its cost, it is expected to have a useful life of 18 years, it's estimated used is 5000 hours in its entire life. After using it for 1250 hours, find the accumulated depreciation. a. 735566 b. 720435 c. 639375 d. 720320 e. None of the aboveA machine with a cost of $180,000 has an estimated residual value of $20,000 and an estimated life of 4 years or 20,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours? $5,000 b. $50,000 $20,000 Od $40,000(7.2) A machine with a purchase price of $11,000 is to be depreciated over its useful working life of 7 years to a book value of zero, using straight line depreciation. What is the annual depreciation amount? a. $4086 b. $1571 c. $1729 d. $3143