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

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

A8 A machine has an initial cost of P50,000 and a salvage value of P10,000 after 10 years. What is the book value after five years using straight-line depreciation?

2. Determine the depreciation charge

Give 3 difference between depreciation and capital loss

The depreciation schedule for certain equipment has been arrived at by various methods. The estimated salvage value of the equipment at the end of its 7 years useful life is $366. Identify the resulting depreciation schedules. YEAR I || 1 2 3 4 5 6 7 IV $1335 2336.25 2775 3632 $1335 2002.5 1982 2273 $1335 1668.75 1416 1423 $1335 1335 1011 891 $1335 1001.25 722 558 $1335 667.5 515 349 $1335 333.75 368 219 Which scheme represents DDB depreciation and how much is the first year depreciation? a. III, $2775 O b. 1, $1335 O c. IV, $3632 O d. II, $2336

Labor costs, materials, all direct and indirect costs, and facilities and productive equipment with a useful life of one year or less are usually depreciated. O True O False

3. You purchased a 5-year property class item for $60,000. After using this item for 3 years you sold it for $5,000. What is your gain or loss for tax purposes? Use MACRS depreciation method.

Calculate the depreciation value during the first year using the Declining Balance method of a CCTV system worth $20000 with no salvage value using 200% declining balance which depreciates over 5 years. a. $10000 O b. $12000 O c. $6000 d. $8000

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