s fabricated metal products, the Able Corp is paying $10,000 for special tools that have a 4-year useful life and no salvage value. Compute the depreciation for the SECOND year by each of the following methids: a. DDB b. Sum of Year's Digits c. MACRS

Q: What is the depreciation deduction, using 200% DB method, after year 2 for an asset that costs…

A: Given  The initial cost of the asset (P) =₱60430 Salvage value (F)= ₱7000 Expected useful life (n)=5…

Q: a piece of Machinery has a Book Value of 50K at the end of its depreciable period which is 5 yea if…

A: Tax refers to the involuntary fees levied on individuals and firms by a central governing authority…

Q: What is the depreciation rate dt each year t for an asset that has a 5-year recovery period and is…

A: The depreciation rate can be calculated by using the formula given below:

Q: Questions: A housewife paid $ 67.50 for an electric machine. At the end of 10 years, it was valued…

A:

Q: 4. A firm purchased $120,000 worth of light general- purpose trucks. The operations of the trucks…

A:

Q: 12- (a) The BVM Corp., a construction company, purchased a used hybrid electric pickup truck for…

A: Cost of Truck 30000 Save 9500 Selling Price 9000 Income tax ate 28% n 4

Q: This depreciation method assumes constant amount is depreciated each year over depreciable (useful)…

A: In economics, depreciation is defined as a measure of decrease in the market value of an asset over…

Q: a company purchases an asset for 20000 and plans to keep it for 10 years. of the salvage value is…

A: The sum of years method utilizes the expected life and adds the digits for every year to give the…

Q: Given:  Desk purchased January 10 for $3,000; 8-year useful life; $600 salvage value.  Calculate…

A: Given  Purchasing price or basis (B) =$3000 Useful life =8 year Salvage value =$600 Depreciation…

Q: 4. A firm purchased $120,000 worth of light general- purpose trucks. The operations of the trucks…

A:

Q: A company bought equipment worth $53,000 and paid $1,500 for freight and delivery charges to the…

A: Depreciation is the normal wear and tear of assets over the life of assets.  The sinking fund…

Q: A contractor imported a bulldozer paying P350k to the manufacturer, freight & insurance charges…

A: Given cost of bulldozer = 350000 Freight and insurance cost = 18000 Other expenses = 25000 P Salvage…

Q: A rice production company has purchased its milling equipment. The cost of this is 5,000,000.…

A: Given  The initial cost of equipment (P)=5,000,000 Salvage value (F)=1,000,000 Life =5 years Book…

Q: factory has decided to purchase some new equipment for P600, 000. The equipment will be kept for 10…

A: given cost of equipment = 600000 P time = 10 years salvage value = 45000 P Adjusted value = cost –…

Q: SHOW SOLUTION AND COMPUTATION An equipment cost P67,000 and has a life of 10 years and salvage…

A: Declining balance method is the method of depreciation in which depreciation is charged on the…

Q: 2. An asset is purchased for $500,000. The salvage value in 25 years is $100,000 and the Straight…

A: Value of an asset=$500,000Salvage value in 25 years=$100,000Thus,Value depreciated in 25…

Q: The first costs of an equipment is P 65,000 and a salvage value of P 3,000 at the end of its 6- year…

A: First cost of the equipment (FC) =P65000 Salvage value (S) =P 3000 Useful life (n) =6 years r=10% We…

Q: A truck used for transporting unobtainium has a net cost of $30,000, useful life of 7 years, and no…

A: Step 1: Introduction to depreciationDepreciation refers to a method of expensing the cost of a…

Q: An equipment costs P15,000 with a salvage value of P800 at the end of 12 years. Calculate the annual…

A: Given: The cost of equipment is = P15,000 The salvage value is = P800 Total years = 12 The rate of…

Q: A company purchased new mining equipment in year 2018 by paying $400,000 cash. The company plans to…

A: 1. Depreciation for Year  Original cost of the equipment: $400,000MACRS-GDS depreciation rate for…

Q: Find the depreciation for the sixth year using MACRS cost-recovery rates for the property placed in…

A: Economic depreciation is defined as an asset's wear and tear that exceeds its projected capacity or…

Q: Define the term Gains and Losses on Depreciable Assets?

A: Depreciation is the situation of a decrease in the value of the fixed assets like machinery and…

Q: B. The installation cost of a machine is $10000 with estimated life of 10 years and selvage value of…

A: Installation Cost = 10000 Salvage Value = 2000 n = 10

Q: Give 3 reasons for the depreciation of assets

A: The value of the fixed assets may fall due to the wear and tear. This is reffered as depreciation.…

Q: 4. A fırm purchased $120,000 worth of light general- purpose trucks. The operations of the trucks…

A:

Q: Problem 2: The initial cost of a paint sand mill, including its installation is P 800,000. The…

A: Salvage value is indeed the asset's anticipated book value after depreciation, based on what a firm…

Q: Ronald decided to install machinery that cost him $ 10000. After period of 1 year, accountant…

A: Use the below formula to calculate the depreciation: Depreciation = Intial value of machinary -…

Q: Xon, a small oil company, purchased a new petroleum drilling rig for $2,000,000. Xon will depreciate…

A: Answer; Working

Q: cosity senaing inatrument coet S46.000 and has a $5.500 salvage value with a 7-years recovery period…

A: Given information,  Machine cost = $47000 Salvage value = $5500 Recovery period = 7year Operating…

Q: Problem 6: ZYK Corporation makes its policy that for a new piece of equipment purchased, the annual…

A: Given that, annual depreciation must not exceed 20% of the first cost we have to find the length of…

Q: Calculate depreciation rate if:- GNP at MP = $13000 NDP at FC = $3500 Net factor income to abroad…

A: The data presented in the question above is:- GNP at MP = $13000   NDP at FC = $3500   Net factor…

Q: For its fabricated metal products, the able Corp. is buying $10 000 worth of special tools that have…

A: Hey champ, Welcome to this platform. Here you will get the answer with better quality in minimum…

Q: Margaret has invested in a project that will cost $17000 upfront and will provide annual revenue of…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: An equipment cost P67,000 and has a life of 10 years and salvage value of P53,500. Determine the…

A: Depreciation represents the reduction in the asset's value. A depreciation charge is an amount in…

Q: purpose trucks. The operations of the trucks le to annual income of $50,000 for years 1~4. Th trucks…

A: IRR BEFORE TAX Cash Outflow = $120,000 Cash Inflow = $50000 (for first 3 years) In 4th year = $…

Q: An automotive manufacturing company decided to buy a GPU computer and associated computer hardware…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subparts for you.…

Q: 2. An asset purchased for $50,000 has a depreciable life of 5 years, and it has a terminal book…

A: Here we calculate the asset book value at the end of year 3 by using the given direction , so the…

Q: A company bought a new machine fot $300,000. The new machine generated revenue for $90,000 per year.…

A: new machine -300,000. Annual revenue = 90,000 per year. Operating cost = 10,000 per year. The…

Q: alo

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: 2 3 4 5 What is the unit-of-production (UOP) depreciation schedule? Year 1 Year 2 Year 3 8,000…

A: First cost of the equipment FC= $900,000 Salvage value of the equipment F after 40,000 m3 of sand…

Q: 10. A generator costs P500,000 and whose salvage value is P10,000. after 20 years. Find the book…

A: Given the cost = P500000Salvage value = P10000Time = 20 years

Q: Use the units of production method to find depreciation for the following: Cost Salvage Value…

A: To compute the annual depreciation expenses for the every machine, we’re going to compute the units…

Q: ompany expects to use the truck years. expected alvage value of the truc k is $50,000 after the en…

A: Salvage value is the estimated book value of an asset after depreciation is complete, based on what…

Q: A certain equipment hou o prst cact of P900,000 life 8 years and o. sONage Voue of P200,000 what is…

A: First Cost = 900,000 time period = 8 years Salvage Value = 200,000

Q: Calculate the value of depreciation of gross value is $120 million and the net value is $100 million

A: The information being given to us is as follows:- Gross value = $120 million Net value = $100…

Q: An industrial plant bought a generator set for P 90,000. Other expenses including installation…

A: The declining balance method, also known as the reducing balance method or the accelerated…

Q: A front-end loader costs $70,000 and has a depreciable salvage value of $10,000 at the end of its…

A: Recovery period determined is 5 year.