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

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Q: 1. A company purchases an asset for P10,000 and plans to keep it for 20 years. If the salvage value…

A: Given, A company purchased an Asset = 10000 the Asset i keep for 20 years the salvage The value = 0…

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

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Q: A construction equipment costs 700,000 pesos and will have a salvage value of 30% of its original…

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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: A relatively small privately-owned coal-mining company has the sales results summarized below.…

A: The company’s taxable income is $140,000 each year.

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

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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: Johnny Johnny yes papa, purchased a heavy Machinery costing $11000 with a useful life of 10 years…

A: DBM  Given machinery cost = 11000 $ life of asset = 10 years salvage value = 1000 $ depreciation =…

Q: Consider the case of apiece of equipment costing $ 20000 and the scrap value $2000. the service life…

A: Principal Value of equipment = $20000 Salvage Value = $2000 Lifetime (n) = 5 years Therefore,…

Q: For the first to use calculate the

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Q: dump truck was bought for P $ 30,000 six years ago.  It will have a salvage value of $ 3,000 four…

A: Given,  Purchase value = 30,000 Salvage value = 3000 Useful life = 10 years (6 year already gone + 4…

Q: A machine has a first cost of P113,222.48 and has an expected salvage value after 10 years…

A: Machines and equipment lose some of their value over time due to wear and tear. Depreciation…

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: 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: Bg Trucking Company has purchased a $100,000 dump truck that has a uselul ife of 8 years. After the…

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

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Q: Define the term Depreciable Property?

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Q: A construction equipment costing 630,000 has a life of 10 years using the sum of years digit method,…

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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: 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: 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…

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Q: estion 39 An electronies balance costs P89,000 and has an estimaled salvage velue of Po 000 al the…

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

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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…

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

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

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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: Compute the declining-balance depreciation schedule for an asset with thefollowing data:Cost of the…

A: Double declining depreciation can be calculated by using the following formula: Substitute the…

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.…