A cooling water pumping station at a manufacturing plant in iligan city cost 30,000,000 to contruct and it is prohected to have 25 years life with an estimited salvage value of 10% of the construction cost calculated the annual depreciation change for year 10(d10) using: A.)manually (3-decimal accuracy d10 only) and B.)by using spreadsheet (choose only 2 methods) build the depreciation and book valye schedule 2.)if the cooling water pumping station in problem 1 will be book-depreciated to zero over a re overy period of 30 years calculated d10 manually using the double declining balance method.
Depreciation Methods
The word "depreciation" is defined as an accounting method wherein the cost of tangible assets is spread over its useful life and it usually denotes how much of the assets value has been used up. The depreciation is usually considered as an operating expense. The main reason behind depreciation includes wear and tear of the assets, obsolescence etc.
Depreciation Accounting
In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.
A cooling water pumping station at a manufacturing plant in iligan city cost 30,000,000 to contruct and it is prohected to have 25 years life with an estimited salvage value of 10% of the construction cost calculated the annual
A.)manually (3-decimal accuracy d10 only) and
B.)by using spreadsheet (choose only 2 methods) build the depreciation and book valye schedule
2.)if the cooling water pumping station in problem 1 will be book-depreciated to zero over a re overy period of 30 years calculated d10 manually using the double declining balance method.
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