ile Edit View Go Tools Window HelpA MT1305Q1Spring2021.pdr (1 page)Q Search3. An automobile purchased for use by the manager of a firm at a price of $32,000 is to bedepreciated by using the straight-line method over 5 years. What will be the book value of theautomobile at the end of 3 years? (Assume that the scrap value is $0).4. AutoTime, a manufacturer of electronic digital timers, has a monthly fixed cost of $48,000 and aproduction cost of $8 for each timer manufactured. The timers sell for $14 each.a. What is the cost function? What is the revenue function?b. Find the profit(loss) corresponding to a production level of 4000.guys know I was in the Hunger Games?" Jennifer Lawrence on where she keeps Katniss's bow.dtvMacBook Pro23$&3

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Description: ile Edit View Go Tools Window HelpA MT1305Q1Spring2021.pdr (1 page)Q Search3. An automobile purchased for use by the manager of a firm at a price of $32,000 is to bedepreciated by using the straight-line method over 5 years. What will be the book va

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3. An automobile purchased for use by the manager of a firm at a price of $32,000 is to be depreciated by using the straight-line method over 5 years. What will be the book value of the automobile at the end of 3 years? (Assume that the scrap value is $0).

3. An automobile purchased for use by the manager of a firm at a price of $32,000 is to be depreciated by using the straight-line method over 5 years. What will be the book value of the automobile at the end of 3 years? (Assume that the scrap value is $0).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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what is the solution for this problem (please not on excel file) the answer should be 241,975.3826 I have purchased a machine worth P1,599,270.00. And it needs maintenance at the end of every 6 months starting 5 years after its purchased date and maintenance will be needed for the next 10 years of its useful life. The maintenance cost is equivalent to the 2% of the total machine cost. How much money should be prepare today to finance the requirement if the interest rate is 0.10 compounded quarterly?
PLEASE NOTE: All whole dollar amounts using "$" with commas as needed (i.e. $12,345). [HINT - You definitely will want to use this EXCEL spreadsheet Chapter11 Depreciation Schedules.xlsx Download Chapter11 Depreciation Schedules.xlsxto assist in your calculations.] Straight-Line Depreciation Method: Office Mart purchases a photocopier for $70,000. The photocopier has a salvage value of $7,000 and has expected life of seven years. Office Mart uses the straight-line depreciation method. Calculate the annual depreciation expense. What is the year one book value? What is the year three book value? What is the year six accumulated depreciation? Units-of-Production Depreciation Method: Office Mart purchases a photocopier for $70,000. The photocopier has a salvage value of $7,000 and is expected to produce 787,500 copies over its life. Office Mart uses the units-of-production depreciation method and the expected copies per year for the eight years are: 115,000 copies. 119,250 copies.…
A company bought a new laptop for Engr. Reyes – their new employee. Thelaptop was advertised to have an economic life of 8 years and at that point, itwould cost 10% of its original price. Find the book value of the asset at its 4th yearif it cost P35,000 initially. 2. A machine has first cost of P13,000, an estimated life of 15 years, and anestimated salvage value of P1,000. Using the straight-line formula, find:a.) the annual depreciation chargeb.) the annual depreciation rate expressed as a percentagec.) the book value at the end 9 year. 3. A construction company decided to acquire a new delivery truck costingP1,200,000. The said truck is projected to last for 12 years and at that point itwould cost P140,000. Find the book value at its 7th year if it is depreciated usingsinking fund method at i=6.5%. 4. A plant erected to manufacture socks has a first cost of P10,000,000 with anestimated salvage value of P100,000 at the end of 25 years. Find its appraisedvalue to the nearest P100 by…
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USE MANUAL SOLUTIONA machine has a first cost of ₱100,000 and salvage value of ₱10,000 after 10 years. The annual maintenance of the machine is ₱4,000. If interest rate is 10%, find the annual cost of the machine. A. ₱17,000.34 B. ₱19,647.08 ( ANSWER) C. ₱21,083.56 D. ₱32,074.56
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An automobile purchased for use by the manager of a firm at a price of $34,000 is to be depreciated by using the straight-line method over 5 years. What will be the book value of the automobile at the end of 2 years? (Assume that the scrap value is $0.) $
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Q1) A catering company buys a delivery truck for $34000 for its everyday business. The lifetime of the truck is estimated Five years and the production life in Kilometers is 200 000 KM. The residual value at the end of its lifetime is $4000. The truck has the following production in five years. Year 1 30 000 KM Year 2 40 000 KM Year 3 50 000 KM Year 4 70 000 KM Year 5 10 000 KM Requirements: Compute the Depreciation Expense under the following methods. Double Declining Balance Method. Sum-of-year-digit Method
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