(A machine with a purchase value of $850 t life of the machine is 7 years, calculate the of the machine and the book value for each of the sum of the number of years of usefu book value of the machine at the end of (150,000).
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- For each of the following unrelated situations, calculate the annual amortization expense and prepare a journal entry to record the expense: A. A patent with a ten-year remaining legal life was purchased for $300,000. The patent will be usable for another eight years. B. A patent was acquired on a new smartphone. The cost of the patent itself was only $24,000, but the market value of the patent is $600,000. The company expects to be able to use this patent for all twenty years of its life.Gardner Denver Company is considering the purchase of a new piece of factory equipment that will cost $420,000 and will generate $95,000 per year for 5 years. Calculate the IRR for this piece of equipment. For further Instructions on internal rate of return in Excel, see Appendix C.Electro Corporation bought a new machine and agreed to pay for it in equal annual installments of 5,000 at the end of each of the next 5 years. Assume a prevailing interest rate of 15%. The present value of an ordinary annuity of 1 at 15% for 5 periods is 3.35. The future amount of an ordinary annuity of 1 at 15% for 5 periods is 6.74. The present value of 1 at 15% for 5 periods is 0.5. How much should Electro record as the cost of the machine? a. 12,500 b. 16,750 c. 25,000 d. 33,700
- A certain machine has book value of P120,000 after 5 years and P80,000 after 7 years. The book value is computed using Straight Line Method. Determine the initial cost of the equipment.I have purchased a machine worth P1,564,748.00. And it needs maintenance at the end of every 6 months starting 5 years after its purchased date and maintenance will be needed for the next 10 years of its useful life. The maintenance cost is equivalent to the 2% of the total machine cost. How much money should be prepare today to finance the requirement if the interest rate is 0.10 compounded quarterly? Help me pls. Ill upvote :)A machine costing $150 000 has a useful life of eight years, after which time its estimated resale value is $25 000. Annual running costs will be $5 000 for the first three years of use and then $8 000 for each of the next five years. All running costs are payable on the last day of the year to which they relate.Required:Using discount rate of 20% per annum, calculate the annual equivalent cost of using the machine if it were bought and replaced every night years in perpetuity (to the nearest $100)(Round discount factor to two decimal places)
- A concrete vibrating equipment will be purchased for a cost of $107,425. After a useful life of 5 years it is assumed the equipment will be sold for $33,450. Assume interest of 7.5% for borrowing money, 4.3% for risk, and 2.2% as the equivalent interest rate fortaxes, insurance, and storage, Calculate the annual ownership cost and the cost per hour assuming the equipment will be used 1920 hr. /yr.What is the capitalized cost of a calendering machine that costs ₱1231,000 upon purchase, requires ₱412,000 for annual operations and maintenance, and an estimated ₱89,000 for parts replacement every 5 years? Interest rate is at 4.5% per year and that the machine is assumed to last for a very long time or foreverAn equipment costing 5,000,000.00 can be sold for 1, 000, 000.00 after it’s useful life of five years. What will be the book value of the said equipment if the company plans to sell it the end of 3 years? Use the sum of years digit method.
- A certain machine costs GH¢25000 and lasts 6 years, after which time it has a scrap valueof GH¢5000. Annual maintenance costs are GH¢800. If money is worth 8% per annum, and the capitalized cost of the machine.The cost of a Tajima embroidery machine is P1.2M and the cost of installation is P50,000. If the salvage value is 10% of the cost of the machine at the end of 10 years, determine the book value at the end of the 3rd year. Use Straight-Line MethodA new machine was purchased for $17,000, and it is expected to sell this machine for $14,000 five years from now. In addition, some of the tools needed to make the machine were purchased at a cost of $5,000, and it is also expected that these parts will be sold for $2,500 after five years. The annual maintenance cost is $2000 at the end of each year. What is the annual cost of owning this machine?