A draw bench for precision forming and strengthening of carbon steel tubing has a cost of $1,040,000. It will have a salvage value of $82,000 after a useful life of 10 years.
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Use declining-balance
Use Double declining balance depreciatin
Use double declining balance,switching to straight-line depreciation
Provide depreciation and book value for year 2
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- A civil engineer who owns his own design/build/operate company purchased a samll crane 3 years ago at a cost of $60,000. At that time, it was expected to be used for 10 years and then traded in its salvage value of $10,000. DUE to increased construction activities, the company would prefer to trade for a new, larger crane now that will cost $80,000. The company estimates that the old crane can be used, if necessary, for another 3 years, at which time it would have a $23,000 estimated market value. Its current market value is estimated to be $39,000, and if it is used for another 3 years, it will have M&O costs (esclusive of operator costs) of $17,000 per year. Determine the values of P,n,S, and AOC that should be used for the existing crane in a replacement analysis.Stahmann Products paid $350,000 for a numerical controller and had it installed at a cost of $50,000. The recovery period was 7 years with an estimated salvage value of 10% of the original purchase price. Stahmann sold the system 4 years after it was purchased for $45,000. State the numerical values for the following: remaining life at sale time, market value at sale time, and book value at sale time if 65% of the basis had been depreciated. The remaining life at sale time is years. The market value at sale time is $ . The book value at sale time if 65% of the basis has been depreciated is $ .A machine tool purchased 2 years ago for $40,000 has a market value best described by the relation $40,000 − 3000k, where k is the number of years from time of purchase. Experience with this type of asset has shown that its annual operating cost is described by the relation $30,000 + 1000k. The asset’s salvage value was originally estimated to be $10,000 after a predicted 10-year useful life. Determine the current estimates for P, S, and AOC for a replacement study, assuming it will be kept only 1 more year, which will be the third year of ownership.
- A certain equipment costs P X now and has a salvage value of P 40,000 at the end of 23,000 hours of use. In the first year of service, it was used for 7,000 hours. Find X if the book value of the equipment after the 1st year is P 360,000.Assume the MARR is 10% per year for this analysis. A presently owned machine that was purchased 8 years ago for $450,000 is under consideration for replacement. It has an annual operating cost of $120,000 per year and a salvage value of $40,000 whenever it is replaced. The challenger has a first cost of $670,000, an expected annual operating cost of $94,000, and a salvage value of $60,000 after its 10-year economic life. The breakeven market value of the presently owned machine required to make the AW values of the two machines the same, if the presently owned machine is kept for 5 more years and then replaced with the challenger that has the same AW, is closest to: (a) $196,340 (b) $255,390 (c) $325,360 (d ) $394,770A replacement analysis is most objectively conducted from the viewpoint of:a. an outsider.b. a consultant.c. a non-owner.d. any of the above.
- A machine purchased a year ago for $85,000 costs more to operate than anticipated. At the time of the purchase, it was expected to be used for 10 years with annual maintenance costs of $22,000 and a salvage value of $10,000. However, last year, it incurred a cost $38,000, which is expected to escalate to $39,300 this year and increase by $1,300 each year thereafter. The market value is now estimated to be $81,000–$10,000k, where k is the number of years since the machine was purchased. It is now estimated that the machine will be useful for a maximum of 6 more years. A replacement study is to be performed. Determine the values of P, n, AOC for year 6 and S of this defender. The value of P is $ _______ . The value of n is_______ years. The AOC for year 6 is______ . The value of S is $______ .A company owns an equipment that costs ₱ 90,000. After 8 years it will have an estimated salvage value of ₱ 18,000. Determine its book value at the end of 5 years using Straight Line Method.Three years ago, Witt Gas Controls purchased equipment for $80,000 that was expected to have a useful life of 5 years with a $9000 salvage value. Increased demand necessitated an upgrade costing $30,000 one year ago. Technology changes now require that the equipment be upgraded again for another $25,000 so that it can be used for 3 more years. Its annual operating cost will be $47,000, and it will have a $22,000 salvage after 3 years. Alternatively, it can be replaced with new equipment that will cost $68,000 with operating costs of $35,000 per year and a salvage value of $21,000 after 3 years. If replaced now, the existing equipment will be sold for $9000. Calculate the annual worth of the defender at an interest rate of 10% per year. Answer: $ 54,025 Subject: ENGINEERING ECONOMICS Lesson: Decisions Under Certainty
- The cost of the equipment is P550,000 and the cost of handling and installation is P28,000. If the book value of the equipment at the end of the 3 year P275,000 and the life of the equipment is assume to be 5 years. Determine the salvage value of this equipment at the end of 5 years.In the process of performing a replacement study, an engineer at a fiber optics manufacturing company has two options to reduce costs on a production line. The currently owned Robot X can be sold now for $82,000. If kept, it will have an annual M&O cost of $30,000, and salvage values of $50,000, $42,000, and $35,000 after 1, 2, and 3 years, respectively. A challenger, Robot Y, will have a first cost of $97,000, an annual M&O cost of $27,000, and salvage values of $66,000, $56,000, and $42,000 after 1, 2, and 3 years, respectively. Which robot should be selected if a 2-year study period is used at an interest rate of 12% per year? Solve by two ways: by hand and by spreadsheet.Because it fumes at room temperatures, hydrochloric acid creates a very corrosive work environment. A machine working in that environment is deteriorating quickly and can be used for only one more year, at which time it will be scrapped with no salvage value. It was purchased 3 years ago for $88,000, and its operating cost for the next year is expected to be $49,000. A more corrosion-resistant challenger will cost $206,000 with an operating cost of $46,000 per year. It is expected to have a $50,000 salvage value after its 10-year ESL. At an interest rate of 8% per year, what minimum replacement value would render the challenger attractive? The minimum replacement value that would render the challenger attractive is $ .