A machine costing P45.000 is estimated to have a salvage value of P4,350 when retired attheendof6 years. Whatis the annual rate of depreciation in %using the constant percentage of declining book value.
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Q: An industrial plant bought a generator set for P90,000. Other expenses including installation…
A: * SOLUTION :- The given data is,
Q: An industrial plant bought a generator set for P90,000. Other expenses including installation…
A: cost of Generator = 90,000 Installation Cost = 10,000 Therefore Book Value at starting = 90,000 +…
Q: An equipment cost P 100,000 with a salvage value of P 5,000 at the end of 10 years. Using Sinking…
A: Equipment Cost = 100,000 Salvage Value = 5,000 n = 10 Years Interest rate = 4%
Q: A company purchased equipment for $20,000 on January 1, 2015. The estimated useful life is 5 years…
A: 1).The computation of the carrying value or the book value as of Dec 31, 2017, is as follows: As we…
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Q: A piece of machinery at a maunfacturing plant has a cost basis of $50,000, and a salvage value of…
A: Salvage value is the expected book value of an asset after depreciation has been applied, depending…
Q: An equipment is purchased for $83.000 and is expected to have a salvage value of $23,500 after 7…
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A: Given cost of bulldozer = 350000 Freight and insurance cost = 18000 Other expenses = 25000 P Salvage…
Q: An industrial plant bought a generator set for P120, 000. Other expenses including installation…
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Q: What is the depreciation deduction, using 200% DB method, after year 4 for an asset that costs…
A: Given The first cost of the asset (P) =67894 Salvage value (F)=7000 Life =7 years We have to…
Q: An oil refinery has decided to purchase some new drilling equipment for $570,000. The equipment will…
A: Equipment cost = 570000 Time = 13 years Salvage value = 16000
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A: Given : Life=8 years Cost of Truck=$170000 Estimated market value in Year 8=$10000 To find :…
Q: If a certain equipment has a book value P4,863.00 during its 7th year of operation. If the annual…
A: Answer in step 2.
Q: An industrial plant bought a generator set for P120, 000. Other expenses including installation…
A: The total cost of the generator = P120000 + P10000 = P130 000 Salvage value = 8000 Life = 15 years…
Q: A machine purchased for $919866 has a depreciable life of 7 years, and it has a terminal book…
A: The initial cost of the machine (P)= 919866 Life of the machine =7 years Salvage value after 7 years…
Q: An equipment costs #3839918 with the estimated salvage value of P541958 at the end of 7 years. What…
A: Given The first cost of the equipment (P) =3839918 Salvage value (F)=541958 Life of the equipment…
Q: A pharmacy is planning to purchase a second-hand scanning microscope at a cost of BD10,500, and its…
A: Depreciation is the reduction of the value of fixed assets . Under this method depreciation…
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A: Given Cost of generator = 500,000P salvage value = 10000P Time = 20 years
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A: The declining balance method is a sped-up deterioration process for recording bigger devaluation…
Q: at cost P90,000 will have an estimated salvage value of P18,000 at the end of 8 years. Using…
A: Given Equipment cost = 90000 P salvage value = 18000 P Life of asset = 8 years Depreciation = Fixed…
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Q: A machine is purchased for P600,000 with a salvage value of P 85,000 after 25 years. What is the…
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A: Under the straight-line method, The fixed amount is charged as depreciation every year.
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Q: installation, amounted to P30,000. At the end of its estimated useful life of 10 years, the salvage…
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A: Declining Balance Method is also called the Constant-Percentage Method or the Matheson formula.
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A: Given; Initial cost= $250000 Salvage value= $15000 Life= 15 years
Q: la. An asset is purchased for $90,000. It is expected to have a useful life of six years and a…
A: Given: The cost of an asset is = $90,000 Useful life = 6 years Salvage value = $18,000 To Find: The…
Q: An old machine was purchased 3 years ago at a cost of ₱50,000. It was estimated to have a useful…
A:
Q: Reliant Electric Company has erected a large portable building with a first cost of $255,000 and an…
A: a. First cost (FC) is $255,000. Salvage value (SV) is $50,000. Time period (n) is 25. The book value…
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A: The correct answer is given in the second step.
Q: An equipment costs P4433082 with the estimated salvage value of P542566 at the end of 10 years. What…
A: Given The first cost of the equipment (P)= P4433082 Salvage value (F)=P542566 Life of the equipment…
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A: In Excel, we calculate DDB depreciation by using formula: =DDB (cost, salvage, life, period,…
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A: Given The total depreciation of equipment after 16 years is P448,475 Useful one of equipment =16…
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A: A continuous, permanent, and steady reduction in the book value of fixed assets is referred to as…
Q: pecial tools for the manufacture of finished product costs 20,000 and have salvage value of 2,000 at…
A: Given product cost = 20000 salvage = 2000 time = 3 years Depreciation = Sum of Year digit method
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A: Depreciation: - depreciation is a process of a systematic allocation of the cost of an asset over…
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Q: Compute the salvage value of an equipment if its original cost is P 2 550 000. T economic life of…
A: Given the original cost = 2550000 Economic life = 15 years Annual depreciation = 83000
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- A lift truck priced at $38,000 is acquired bytrading in a similar lift truck and paying cash for theM09_PARK9091_06_GE_C09.indd 506 10/22/15 5:16 PMProblems 507remaining balance. Assuming that the trade-in allowance is $9,000 and the book value of the asset tradedin is $7,808, what is the cost basis of the new assetfor the computation of depreciation for tax purposes?A manufacturing company purchased 10 years a milling machine for ₽60,000. A straight-linedepreciation reserve had been provided on the 20-year life of the machine. The owner of themachine shop desires to replace the old milling machine with a modern unit of manyadvantages costing ₽100,000. It can sell the old unit for ₽20,000. How much new capital will berequired for the purchase?1) Margaret has invested in a project that will cost $17000 upfront and will provide annual revenue of $5700 each year for 10 years. If the interest rate is 15% calculate the present worth of this project. Round your answer to two decimal places. 2) An asset cost $26000 with a salvage value of 2500 after 10 years. Assuming straight line depreciation, calculate the book value in year 4. Round your answer to the nearest dollar. please do both questions
- AMong to anether quetion will save this response Question S Ipurchased a treaury bill for $500 and then sold it for $550 three months later. Calculate the holding period return. O toN ORIN O MAN AMoving to another question will save this response. MacBook Air 828 5 E T Y] D K C V B. エA reactor of special design un the major item of equipment in a small chemical plant The initial cost of a Completely installed reactor is $ 60000 to the salvage value of the end of the useful life is estimated to be $ 10000. The total annual expenses for the plant are $100000. Excluding depreciation costs for the reactor. How many years of useful life should de estimated for the reactor if 12% of the total annual expenses for the Plant are due to the cost for reactor depreciation?Quèstion 25 An equipment costing P 360 000 has an estimated scrap value of P 25,000 at the end of its economic life of 11 years. Using Double-Declining Balance Method, what is the book value after 7 years? Exprees your answer in whole number. « > A Moving to another question will save this response. acer Prtsc Pause Del Home F8 F9 F10 F11 F12 F4 F5 F6 F7 Scr Lk SysRq Break F3 Coca-Cla % & -Backspac € 6 7 8 9 5 W R Y H
- uppose that you purchased a HVAC system five years ago for $75, 000. The O&Mcosts are $15, 000 this year and are expected to increase by $1, 000 each year for the next five yearsthen remain the same for the following years.The current salvage value of the system is $15, 000; salvage value after one year is estimated tobe $12, 000; after two years, $11, 000; after three years, $10, 000; after four years, $9, 000; and so on.A new industrial HVAC system is available for purchase at a price of $95, 000, including instal-lation. The market value of the new system will decrease at a rate of 15% each year. The O&Mcosts are expected to be $1, 000 in the first year, and will increase at a rate of 20% each year. Themaximum service life of the new system is 10 years. Assume that your company uses an interestrate of 10% for all project evaluations.(a) Find the remaining economic life of the currently owned asset.(b) What is the economic service life of the new system?(c) Use the…A machine having a first cost of P60,000.00 will be retired at the end of 8 years. Depreciation cost is computed using a constant percentage of the declining book value. What is the total cost of depreciation, in pesos, up to the time the machine is retired if annual rate of depreciation is 28.72%?Galorte ine. began operations in April of the year t makes al saes on atcount, sutject to the foliowing colection patern 25 ee colected in the manth of sale, 5SN ere collected in the first month aher sale, and 20 are collected in the second month after sale. If sales for Apri, May. and une were S52000, ST000, and S67000. repectivety, whet were the fims budgeted clections for Apri Nore of the anwescorect
- 2. A manufacturing company purchased an equipment for methods improvement for P 53,000. Paid P 1,500 for freight and delivery charges to the job site. What is the yearly depreciation cost using the sinking fund method at 6% interest. The machine has P 5,000 trade in cost and 10 yrs life.A diamond mining company has just purchased a new crystal extraction machine that cost $5000, and has an estimated salvage value of $1000, at the end of its 8 yeaer useful life, what is its book value in year 5 using the double declining balance methiod? a) 3750 b) 2800 c) 500 d) 1187 plesae let me know the asnwerQuestion 39 An electronios balance costs P89,000 and has an estimaled salvage value of Po 000 al the end of its 8 years ifetime. What would be the depreciation after three years, using the sum of the years digit in solving for the depreciation? Express your answer in whole number K< Question 39 of 56