Question 6 - Homework 6 - Connect

Provide step by step manual solution, given, and depreciation table for below mentioned problem.  Make sure yet that your answer is the same as the given answer before sending your solution.  An asset costing P50,000 has a life expectancy of 6 years and an estimated salvage value of P8,000. Calculate the depreciation charge at the end of the fourth period using fixed-percentage method. Answer. P5,263.87

What is the value of an asset after 8 years of use if it depreciates from its original value of P 500, 000.00 to itssalvage value of 1.5% in 10 years? (Use Straight Line Method)  Given: Required: Solution: refer to this textbook: https://drive.google.com/file/d/16J6M6RHBZ22NDaog_9DSXMgYb4qFu7T3/view?usp=sharing

Answer it correctly and typed answer please. I ll rate.

Helping tags: Accounting . . . . . Will upvote, just pls help me answer the following and show complete solutions. Thank you!

i need the answer quickly

in the following table (The annual usage for Asset III is 15,000 miles). (You can copy and paste the following table) Asset Depreciation Method End of Year Initial Cost (I) ($) Salvage Value (S) ($( Book Value ($) Depreciable Life (years or mi) Depreciable Amount ($) Accumulated Depreciation 1 SL 6 $30k $6k $12k 8 years ? ? || DDB 3 $25k $5k $5.4k 5 years ? $19,600 ||| UP 3 $41k $5k ? 90,000 miles 2. IV MACRS 4 $20k $2k $3,456 ? ? ?

Please solve this in a copy with all process. Not in excel.    If not done as instructed, I will down vote it.

Please help me.  Thankyou.

I need this answer in handwrite

Please do not give solution in image format thanku

Answer fast

None

Calculate the depreciation life (N) If annual depreciation charge is 750$, salvage value 2500$ and cost of an asset is 10000$ using the Straight Line Depreciation rule. Select one: а. 10 years b. 12 years c. 9 years

A digital display in Carrefour costs 3400 RO, has an estimated life of 10 years, and a salvage value of 800 RO. Find the book value at the end of 4 years, assuming straight line depreciation. Select one: a. 2360 RO b. 2100 RO c. 2880 RO d. 2620 RO

Please do not give solution in image format thanku

Please do not give solution in image format thanku

Check My Work Castle Corporation purchased a neon sign for $3,050. Its useful life is estimated as 6,500 hours, with a salvage value of $549. Prepare a UOP depreciation schedule based on the given annual usage, then enter the book value at the end of year 3 as your answer. Round all dollar amounts to the nearest cent.

Problem 1. a:Consider the following data on an asset: Cost of the asset, I Useful life, N Salvage value, S $130,000 5 years $5,000 Compute the annual depreciation allowance using the straight-line depreciation method.

PLEASE PROVIDE THE NEEDED ANSWER AND SOLUTION ASAP PLEASE THANKYOU A company purchased an air conditioner at SY Appliance Center for Php 45,000 and paid an installation fee of Php 6,000 with a delivery charge of Php 1,000. The air conditioner has an estimated life span of 5 years with a residual value of Php 15,000 a. What is the depreciable cost of the air conditioner? b. How much is the annual depreciation?

Question15 Construct a depreciation schedule using the straight line method for a new lorry that costs $80,000 and has a salvage value of $8,000 at the end of 6 years.

Please solve ALL for like vote.

I am using MACRS for depreciation. Purchase date: September 1st Cost: $650,000 Salvage:  $30,000 Life: 7 years What percent do I use to calculate depreciation for years 1-8?

Need help don't understand how to do it

Please show all your work

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.) Cost ShippingCharges SetupCharges TotalCost SalvageValue EstimatedUseful Life(years) TotalDepreciation AnnualDepreciation $800,000 0 $15,600 $  $100,000 15 $  $

H3. Show proper step by step calculation

Please do not give solution in image format thanku

A surface mount PCB placement/soldering line is to be installed for $1,600,000. It will have a salvage value of $150,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a - Your answer is partially correct. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using straight-line depreciation. EOY 0 1 Depreciation 0 640000 Balances 1600000 960000 2 384000 576000 3 234110 345600

answer in word, please no handwritten or no picture/screenshot.thank u.

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] NewTech purchases computer equipment for $257,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,00O. Exercise 8-8 Double-declining-balance depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts positive values.) Depreciation for the Period End of Period