A machine cost P80,000 and the salvage value is P20,000 after 10yrs. Calculate the depreciation at year 6. Use Sum of Year's Digit Method.
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- A machine cost P80,000 and the salvage value is P20,000 after 10yrs. Calculate the depreciation at year 6. Use Sum of Year's Digit Method.
note: please provide a solution for us to understand how to solve it thank you please don't use computer, please solve it
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- A machine costs P1,800,000.00. It has a salvage value of P300,000 at the end of 5 years. If money is worth 6% annually. Determine the total depreciation at the 2nd year using the sum of years method.A machine costs P1,800,000. It has a salvage value of P300,000 at the end of 5 years. If money is worth 6% annually, find the book value after 3 years using sinking fund method.An equipment bought by an engineer cost P250,000 and the salvage value is P25,000 after 6yrs. Calculate the total depreciation at year 1. Use Sum of Year's Digit Method. note: please solve it manually so that we can understand how to solve it without using computer thank you
- A machine costs P 800 000 and has an estimated salvage value of P 200 000 at the end of 20 years useful life. Compute the book value at the end of 2nd year using sinking fund method of depreciation based on 8% interest rate.Ten years ago a businessman purchased a machine for P 50,000 with an expected life of 20 years based on straight line depreciation. Today, he decided to replace it with a modern one that costs P 120,000. If the salvage value of the old unit is P 20,000, how much more will he raise to buy the new machine? a. P 55,000 b. P 45,000 c. P 90,000 d. P 75,000Compute the capitalized cost of a new car worth P800,000 if it is estimated that is requires P20,000 per year to maintain and must be replaced at the same amount with a salvage value of P300,000 after 5 years if the interest rate is 12% per annum.
- A certain equipment costs P7,000 has a salvage value of P350 at the end of its life. The book value at the end of 14 years is P2,197.22. Using Sum of the Years-Digits Method of Depreciation, determine the following: a. Length of service of the equipment. b. Depreciation charge on the 5th year. c. Book value after 7 years.A contractor can buy trucks for P 800,000 each or rent them for P 1,200 per truck per day. The truck has a salvage value of P 100,000 at the end of its useful life of 5 years. The annual maintenance cost is P 20,000 per truck. Using the annual worth method and 14% interest rate, determine the minimum number of days per year that each truck must be used to warrant its purchase.A P650 000.00 - Diesel Electric generator unit is purchased to provide power to a remote town. The shipping cost is P20 000.00 and the cost of installation is P 30 000.00. If the salvage value of the unit at the end of 20 years is expected to be P50 000.00, determine the annual depreciation cost and the book value of the unit after five years using: a) Straight Line Method b) Sinking fund formula with 7% interest rate
- Show the use formula and please show the step by step solution to get the correct answer! Dont forget the cash flow diagram. Thank you, God bless :) 3. A contractor can buy trucks for P 800,000 each or rent them for P 1,200 per truck per day. The truck has a salvage value of P 100,000 at the end of its useful life of 5 years. The annual maintenance cost is P 20,000 per truck. Using the annual worth method and 14% interest rate, determine the minimum number of days per year that each truck must be used to warrant its purchase.A machine which costs P10,000 was sold as scrap after being used for 10 years. If the scrap value was P500, determine the depreciation charge during the fifth year and the book value at the end of 5 years using (a) constant percentage method, (b) double declining balance method, (c) SYD method and (d) straight line formula.Subject: Engineering economy A small machine costing P80,000 has a salvage value of x at the end of its life of 5 years. The book value at the end of the 4th year is P22,400. What is the value of x using the straight line method depreciation?