Answered: A): Calculate the total cost, total…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A): Calculate the total cost, total depreciation, and annual depreciation (in $) for the following assets by using the straight-line method. (Round your answers to the nearest cent.)

*chart attached*

B):

Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,831.

The useful life is 7 years and the salvage value is $12,938. Prepare a depreciation schedule using the straight-line method.

*CHART ATTACHED*

Calculate the total cast, total depreciation, and annual depreciation (in $) for the following assets by using the straight-line method. (Round your answers to the nearest cent.)
Estimated
Shipping
Charges Charges
Setup
Total
Cost
Salvage
Value
Total
Depreciation
Annual
Cost
Useful Life
Depreciation
(уears)
$700,000
$15,400
$100,000
14
$1

Masan Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,831.
The useful Ife is 7 years and the salvage value is $12,938. Prepare a depreciatian schedule using the straight-line method.
Mason Industries
Depreciation Schedule-Drilling
End of Year Annual Depreciation (S) Accumulated Depreciation (S) Book Value (S)
$78,731 (new)
1
$0

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