Problem 16.018 DEPENDENT MULTI-PART PROBLEM - ASSIGN ALL APRTS Halcrow Yolles purchased equipment for new highway construction in Manitoba, Canada, costing $510,000 Canadian. The estimated salvage at the end of the expected life of 4 years is $50,000. Various acceptable depreciation methods are being studied currently. Determine the depreciation for year 2 using the DDB(Double Declining Balance), 150% DB(Declining Balance), and SL(Straight Line Depreciation) methods. Problem 16.018.a: Calculate the depreciation value in a certain year using DDB, 150% DB and Straight Line methods Determine the depreciation by hand. The depreciation using SL method is determined to be $ 115000 The depreciation using DDB method is determined to be $ The depreciation using 150% DB method is determined to be $

Problem 10 The Maria Lovella Mining Company purchased for P13,000,000 mining property estimated to contain 1,000,000 tons of ore. The residual value of the property is P1,000,000. Buildings used in mine operations costs P1,000,000 and have an estimated life of ten years with no residual value. Mine machinery costs P2,000,000 with an estimated residual value of P400,000 after its physical life of 4 years. Following is the summary of the company's operations for the first two years: Second Year First Year 100,000 tons Tons mined 130,000 tons Tons sold 80,000 tons 120,000 tons P 45.00 Unit selling price per ton Direct labor P 44.00 P 800,000 P 840,000 Miscellaneous mining overhead P 160,000 P 240,000 Operating expenses P 720,000 P 760,000 Inventories are valued on a first-in, first-out. Depreciation on the building is to be allocated as follows: 20% to operating expenses, 80% to production. Depreciation on machinery is chargeable to production. Question: 26. The cost of inventory (ore) in…

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