9.16 You purchased a molding machine at a cost of $88,000. It has an estimated useful life of 12 years with a salvage value of $8,000. Determine the following: The amount of annual depreciation computed by the straight-ling method.
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- An specialized machine has an initial cost of P50,000 and a salvage value of P10,000 after 10 years. What is the book value after five years using straight line depreciation? A. P35,000 B. P30,000 C. P25,000 D. P15,500You purchased a molding machine at a cost of $88,000. It has an estimateduseful life of 12 years with a salvage value of $8,000. Determine the following·:(a) The amount of annual depreciation computed by the straight-line method.(b) The amount of depreciation for the third year computed by using the double-declining-balance method.Malu Luigi Company makes an internal policy that for every new machine purchased, the annual depreciation cost should not exceed 15% of the first cost and should cost nothing at the end of its life. Determine the service life of brand new P 500,000 machine using SOYD.
- Show manual solutions and depreciation schedule/table. An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the end of the period. Compute the depreciation charge and its book value after 10 years using declining balance method.Ans. BV = P60,832.80 d = P9,234.93A piece of machinery purchased at a cost of$92,000 has an estimated salvage value of $12,000and an estimated useful life of five years. It wasplaced in service on May 1st of the current fiscalyear, which ends on December 31st. The asset fallsinto a seven-year MACRS property category. Determine the depreciation amounts over the useful life.Consider the case of apiece of equipment costing $ 20000 and the scrap value $2000. the service life is estimated to be 5 years. Determine the asset value at the end of the first years, and the second years ? H. W at the end of 3d, 4th, 5th years. determine the depreciation cost
- A miniature building company named Tiny Touches purchased a 3D printer which costs $250,000. It is expected to last for 15 years and at the end of its useful life, it will cost $25,005 Find the annual depreciation if it’s depreciation using sinking fund method at 7%A set of Wire Bond machine costs $500,000. This amount includes freight and installation charges estimated at 10% of the original price. If the machine shall be depreciated over a period of 10 years with a salvage value of $5,000, what is the annual depreciation charge and the book value at the end of 7 years?A certain equipment costs P 7,000 and a salvage value of P 350 at the end of its economic life. Using SYD method of depreciation, the book value at the end of 4 years is P 2,197.22. Compute the economic life of the equipment, in years.
- The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of 5 years. Determine the total depreciation after 3 years. Constant Percentage Method ans:P1,185,769.76Determine the rate of depreciation, the total depreciation, the total depreciation up to the end of the 8th year and the book value at the end of 8 years for an asset that costs P 15,000 new and has an estimated scrap value of P 2,000 at the end of 10 years by (a) Declining balance method (b) Double Declining balance methodA trucking company computes depreciation on its vehicles by a mileage basis.Suppose a delivery truck has a cost of $20.000. a salvage value of $2.000. andan estimated useful life of 200.000 miles. Determine the depreciation rateper mile. (a) $0.08(b) $0.09(c) $0.10(d) $0.11