A pump costs $7000 has a life of 5 years with no salvage value. What is the SL depreciation amount for each year? Assume the depreciation will take over the entire life.
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A pump costs $7000 has a life of 5 years with no salvage value. What is the SL
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- An airfryer costs 45,000 with a useful life of 5 years. If it has a scrap value of 2,500 what is the depreciation using sinking fund method? Assume interest to be 8.5%. Your answer should only be a REAL NUMBER with NO UNITS and NO COMMAS. Round off to nearest 2 decimal places (e.g. 2500.36).A numerically controlled milling machine was purchased for $95,000. The estimated salvage value was $15,000 after 15 years. What is the machine’s book value after 5 years of depreciation? If the machine is sold for $20,000 early in Year 7, how much gain on sale or recaptured depreciation is there? Assume(a) Straight-line depreciation(b) 150% declining balance depreciation(c) 80% bonus depreciation with the balance using 7-year MACRS depreciation(d) 7-year MACRS depreciationIf the value of machinery is $50000 and the company follows the straight-line method of depreciation, assuming useful life of the asset as 5 years and salvage value as $10000 then what will be the yearly depreciation charge
- If a condensing unit was bought at 50,000 having a useful life of 5 years and a salvage value of 10,000, what is the annual depreciation? Use straight line depreciation. Your answer should only be a REAL NUMBER with NO UNITS and NO COMMAS. Round off to nearest 2 decimal places (e.g. 2500.36).A machine costs $7000, lasts 8 years and has a salvage value at the end of life of $350. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by the: a.) Straight line method b.) Declining balance method c.) SYD method d.) Sinking fund method with interest of 12%Carl is curious about the original cost of the digital imaging equipment he uses at the First National Bank. Accounting cannot tell him the cost, butthey know the annual depreciation over an 8-year period is $18,900 per year. If all items are straightline depreciated and the salvage is always 25% of the first cost, estimate the original cost.
- The cost of a certain asset is $3,000, its life is 6 years and scrap value is $500. Find the annual rate of depreciation under constant percentage method and construct the depreciation schedule.B. The installation cost of a machine is $10000 with estimated life of 10 years and selvage value of $2000 at the end of the 10th year. What will be the annual depreciation cost in the fourth year (using straight line method)?What will be the cost of an asset, if its salvage value is 300 after 5 years and annual depreciation charge is 500, use the Straight Line Depreciation rule. Select one: a. 2800$ b. 2750$ c. 2840$
- NEED HELP ASAP! THANK YOU!A construction equipment costing 630,000 has a life of 10 years using the sum of years digit method, total depreciation at the end of 4 years is 376,995.05. Determine the salvage valueA small used delivery van can be purchased for $20,000. At the end of its useful life (8 years), the van can be sold for $3000. Determine the PW of the depreciation schedule based on 15% interest using:(a) Straight-line depreciation(b) Double declining balance depreciation(c) 100% bonus depreciation(d) MACRS depreciationA new industrial vacuum for electronic factory activities has a purchased value of $50, 000 and $20,000 for transportation cost within a 7-years depreciable life. The estimated salvage value of the equipment is zero at the end of 7 years. Calculate the annual depreciation amounts using the 200% DB method.