A builder paid $120,000 for a house and lot. The value of the land was appraised at $65,000, and the value of the house at $55,000. The house was then torn down at an additional cost of $8,000 so that a warehouse could be built on the lot at a cost of $50,000. What is the total value of the property with the warehouse? For depreciation purposes, what is the cost basis for the warehouse?

Q: A gasoline engine has an annual depreciation of P13,000 for 15 years and salvage value of P20,000.…

A: Annual Cost of depreciation = 13,000 time period = 15 years Salvage Value = 20,000  Depreciation…

Q: Agricultural machinery is purchased by Henredon for $250,000. It is expected to last 12 years.…

A: since you have posted multiple subparts according to Bartleby guidelines we can only solve only 3…

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A: here we calculate the depreciation rate per rental so the calculation of the following as follow-

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A: Annual worth is calculated by present value of annuity formula. Present value of cash flows from the…

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A: Salvage value is the expected book value of an asset after depreciation has been applied, depending…

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A: *Depreciation will not be greater than 25%. *Cost of assets = C0 *Salvage value = Cn

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A: Given: Cost of equipment: P87000 Scrap value after 20 years=P60000 Useful life=24 years To find:…

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A: Given  Value of machinery or first cost = $50000 Salvage value =$10000 Useful life of the asset=5…

Q: What is the depreciation amount each year using straight-line depreciation for office furniture that…

A: Dear Student, as you have posted multiple questions but according to the policies and guidelines of…

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A: Given,  Purchase value = 30,000 Salvage value = 3000 Useful life = 10 years (6 year already gone + 4…

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A: It is given that the cost of the Limo was $32,000 at the time of purchase and it was driven 24,000…

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A: Given: Fixed cost = 125 Variable cost = 36 per unit Depreciation cost = 0.05Q2

Q: A factory has decided to purchase some new equipment for P650, 000. The equipment will be kept for…

A: Calculation of depreciation rate: Depreciation rate = 100%Useful life ×2=100%10x 2=20%

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A: Given information Two Conveyor Conveyor 1: Initial investment =$75000 Operational cost=$17000…

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A: Given information: Capital stock depreciates at a rate of 15% per year Capital stock started the…

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A: Cost of equipment = 250,000 Life = 25 years Salvage Value = 30,000

Q: A corporation in 2018 expects a gross income of $505,000, total operating expenses of $330,000, and…

A:

Q: ABC Company makes its policy that for every new piece of equipment purchased, the annual…

A: Below is the given value: The annual depreciation should not be more than = 25% Salvage value = 0

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Q: Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of…

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Q: what will be the value of the net domestic product at the factor cost if the gross domestic product…

A: Generally in the given question Value of the gross domestic product at the factor cost is = $7766…

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A: Given the cost of machine = $30000 Time = 6 years Resale value = $5000

Q: Annual depreciation charge using the straight-line method (b) Depreciation charge during the fifth…

A:

Q: Suppose a farmer decides to replace an old tractor by investing in a new machinery. The old tractor…

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Q: The first coat of a road laying machine is Php 8,000,000. Its salvage value after five years is Php…

A:

Q: Using DBM(declining balance method), the depreciation of a machine on the 5th year and 7th year are…

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Q: yPhone 1 has a price of Php 50,000.00 five years ago, today yPhone 2 with newer technology has been…

A: Answer is given below

Q: An asset is purchased for 9,000. It estimated economic life is for 10 years after which it will be…

A: Cost=9000 Scrap value=1000

Q: A motor cycle has an initial cost of P 50,000.00 and a salvage value of P 10,000.00 after 10 years.…

A: Given: The initial cost for a motor cycle is = P50,000 The salvage value is = P10,000 Years = 10 To…

Q: The General Service Contractor Company paid $400,000 for a house and lot. The value of the land was…

A: The information given is:- The General Service Contractor Company paid $400,000 for a house and lot.…

Q: An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be…

A: DEPRECIATION MEANS A REDUCTION IN THE VALUE OF ASSET OVER TIME. UNDER SYD METHOD THE DEPRECIATION…

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A: In economics matters, devaluation or depreciation is the progressive diminishing in the monetary…

Q: A granary has two options for a conveyor used in the manufacture of grain for transporting, filling,…

A: Annual worth is calculated by present value of annuity formula. Present value of cash flows from the…

Q: The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of…

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Q: Concepcion Industries paid $308,000 in federal taxes last year. If business expenses and…

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Q: for P10,000 and plans to keep it for 20 years. If the salvage value is zero at the end of the 20th…

A: *Answer:

Q: DEPRECIATION   2. A telephone company purchased a microwave radio equipment for P6,000,000. Freight…

A: The amount of depreciation charged against an item or a group of assets over the course of a…

Q: A machine costing P 770,339 is estimated to have a life of 10 years. If the annual rate of…

A: The constant percentage declining balance method is one of the widely used depreciation methods.…