onstant percent 8 years. 8.25%; BV 30 0.10; BV = 293 3.25%; BV = 29 0 109% RV
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- 10. Determine the rate of depreciation, the total depreciation up to the end of the 8th year and the book value at the end of 8 years for an asset that costs P15, 000 new and has an estimated scrap value of P2, 000 at the end of 10 years by: a. Using the declining balance method. b. Using the double declining balance method.2. Equipment bought for P 87,000.00 is expected to last for 24 years. If the scrap value after 20 years is P 60,000.00. How much is the depreciation for year 12? 3. Determine the rate of depreciation, the total depreciation up to the end of the 6th year and the book value at the end of 6 years for an asset that costP 16,000.00 new and has an estimated scrap value of P 2,000.00 at the end of 10 years by the double declining balance method. 4. A firm bought an equipment for P 58,000.00. Other expenses including installation amounted to P 2,000.00. The equipment is expected to have a life of 8 years with a salvage of 10% of the original cost. Determine the book value at the end of 13 years by sinking fund method at 6% interest. 5. An asset is purchased for P 3,000.00. Its estimated life is 5 years after which is will be sold for P 20,000.00. Find the depreciation for the first year using SYD. 6. A television company purchased machinery for P 100,000.00 on July 1, 2010. It is estimated…1. An equipment costs P100,000 with a salvage value of P5,000 at the end of 10 years. Calculate the annual depreciation cost by: a) SLDM b) SFDM at 4% interest
- Amachine whose cost is 80.000 nyals and s value as scrap is 5,000 ryals and its useful ife is 5 years The balance of the depreciation complex for the second year according to the method of depreciating the dedning balance wil be. Second one: O 19200 O 12800 O 28800 O 51200An asset costs $19,000. At a depreciation rate of 20 percent, calculate its book value using declining-balance method. a. After one year b. After two years c. After six years a. The book value after one year is $ . (Round to the nearest dollar as needed.)rap value. A machine is purchased for { 10,600. Depreciation is calculated at 8% for the first 3 reers and after that 10% per annum for the next seven years, depreciation being calculated on diminishing value. Find the value of the machine after a period of 10 years. A machine depreciates at the rate of 10% ner annum for the firot tuo 70/
- IL PROBLEM SOLVING 1. An equipnent costing P250. 000 has an estimated life of 15 years with a book value of P30. 000 at the end of tha period. Compute the depreciation charge and its book value after 10 years using decliningr balance method7) Consider the following information: Asset Cost $56,000Salvage value 1,000Life 10 yearsDepreciation method Straight Line a. What is the depreciation in year 3? b. What would the depreciation in year 4 be if at the beginning of the year we think that the total asset life will be only 8 years instead of 10 years?An asset has a first cost of $12,000, an annual operating cost of $3500 and a salvage value of $5000 after 7 years. Calculate the annual worth for one cycle at i = 20% 1743 5836 C 3475 6442
- 1. An equipment has a first cost of P500,000 and the cost of installation is P30,000. If the salvage value is 10% equipment cost at the end of the its useful life of 5 years. Compute the book value at the end of 3rd year. Using: A. Straight Line Method B. Sum of Years Digit Method C. Sinking Fund Method (if money is worth 6% per annum) D. Declining Balance Method E. Using Double Declining Balance MethodA 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 54,002.45The formula for double-declining-balance depreciation on an asset with a five-year life in its second year is Book Value × 40% = Depreciation Expense. (Book Value – Residual Value) × 40% = Depreciation Expense. (Book Value – Residual Value) × 20% = Depreciation Expense. (Original Cost × 30%) – Residual Value = Depreciation Expense.