a) What will be the book value of the machine after 5 years b) The accounts department informed you that book value of the machine after 5 years will be OMR 4,000. Do you agree with the value specified by accounting department? c) Is depreciation good or bad for the business? Discuss with reasons

Q: A machine costing RM100,000 depreciates RM10,000 for the first year RM9,000 for the second year,…

A: Depreciation means the loss in value of assets because of usage of assets , passage of time or…

Q: Q3 \Machinery costs (60000 CU) and its useful life is (5 year). compute the schedule of depreciation…

A: Given:Machinary cost=60000CUUseful life=5 yearsIst year depreciation=15000 CU

Q: A machine having a first cost of P 60,000.00 will be retired at the end of 8 years. Depreciation…

A: Depreciation is a method of decreasing the value of the depreciable assets. It can be calculated on…

Q: A piece of equipment costs ₱355,000 including shipping, installation and taxes. The supplier assures…

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: Tory Enterprises pays $239,400 for equipment that will last five years and have a $43,700 salvage…

A: Depreciation: It refers to the gradual fall in the market value of the asset by its normal usage,…

Q: 0. An asset which cost $10,000 when new is being depreciated under MACRS using a 5-year normal…

A: To determine the depreciation expense for Year 3 based upon MACRS 5 year recovery period.

Q: The purchase price of an equipment is $45,000 which is expected to drop to $13,000 after 10 years of…

A: Purchase Price = 45,000 Salvage Value = 13,000 Time Period = 10 years

Q: MTA construction bought an equipment for P60,000 with a salvage value of P10,000. The equipment is…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: 11) On April 1, a company acquired equipment at the cost of $525,400. The equipment is expected to…

A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by…

Q: 3. A certain office equipment has a first cost of P20,000 and a salvage value of P1,000 at the end…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: A company purchases a machine with an expected useful life of 6 years for $9,000. After two years of…

A: Purchase price of machine = $9,000 Depreciation = 30% on reducing balance method The machine is sold…

Q: SSG bought a machine for $40,000 in January 19W8. The machine had an expected useful life of six…

A: Depreciation is an amortization expense of the asset's cost over the useful life of an asset which…

Q: A set of office equipment costs $80,000 and has a useful life of 8 years. Its estimated market value…

A: Solution:- 1) straight line method depreciation Formula:- =(Original cost - salvage value) / useful…

Q: A major equipment purchase is made by Metro Atlanta for $90,000. a. Metro Atlanta will use the…

A: Depreciation is the reduction in the value of asset due to normal wear and tear, passage of time,…

Q: The purchase price of an equipment is $45,000 which is expected to drop to $12,000 after 10 years of…

A: Book Value = Book Value is the value of the fixed assets at the end of the accounting year. Book…

Q: A machine with a cost of $50,000 has an estimated residual value of $4,773 and an estimated life of…

A: Double Declining Balance Method Formula =  Cost of the asset X Depreciation rate Depreciation rate…

Q: The Hills Company, a calendar year company, purchased a new machine for P280,000 on January 1.…

A: Solution: Annual net income from investment = Investment amount * ARR = P280,000 * 15% = P42,000

Q: b) A motor vehicle is purchased for ugx 15,000,000 and is to be sold off after 5 years. What is the…

A: Annual Depreciation=Purchase value×Rate=15,000,000×9%=1,350,000

Q: A machine having a first cost of P60,000 will be retired at the end of 8 years. Depreciation cost is…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: The cost of an asset is $1.200,000, and its residual value is $180,000. Essmated usetul ife of the…

A: Formula: Depreciation rate = ( 100 / Useful life years ) x 2

Q: 1. The cost of an asset is Php 200,000 while the estimated salvage value is Php 15,000 and it can…

A: Depreciation is the allocation of cost of asset over the useful life. It can be charged by various…

Q: A business buys a machine for £60,000 and depreciates it at 10% per annum by the reducing…

A: We have the following information: Cost of Machine: $60,000 Rate of depreciation: 10% per annum…

Q: S10-5 Calculating depreciation by three methods-first year only At the beginning of the year,…

A: Dear student as there are more than 3 subparts and as per guidelines we can answer only first three…

Q: An equipment costing P250, 000 has anestimated life of 15 years with a book value ofP30, 000 at the…

A: Methods of Depreciation: Methods of depreciation are the accounting practices used by the company to…

Q: 1. An article costing P10,000 depreciates to P600 in 12 years. What is the annual depreciation?

A: Comment- We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: A construction machine was purchased at a price of $10,000 with a recovery value of $2000 after a…

A: Depreciation is the decrease in the value of assets after using it. Over the period of time, the…

Q: 1. A commercial company plans to buy the device for $ 20,000 and is expected to sell it for $ 8,000…

A: Under this method, yearly depreciation rate is calculated by dividing remaining useful life to sum…

Q: 10. On January 1, 2021, Homestead Designs purchased some equipment for $19,600. The anticipated life…

A: Depreciation per unit under activity method = (Cost - Salvage value)/ Total expected units

Q: An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the…

A: Equipment cost = P 250,000 Book value at the end of period = P 30,000 Depreciable value =…

Q: A set of office equipment costs $80,000 and has a useful life of 8 years. Its estimated market value…

A: Depreciation The purpose of providing the depreciation is to know the actual balance which are…

Q: Wajasetia Security company has received a contract to provide additional security for the outdoor…

A: i. Reference: Working Notes: Reference:

Q: T6-Use the following informnation to calculate depreciation under the 3 separate methods. y also…

A: 1. Annual depreciation= (Cost- Salvage value)/useful life Depreciation per year= $ 26250

Q: An equipment costs P8,000.00 has an economic life of 8 years and a salvage value of P400.00 at the…

A: Definition: Depreciation: Depreciation is a method of reducing the capitalized cost of long-lived…

Q: osts ₱354,000 including shipping, installation and taxes. The supplier assures a salvage value of…

A: Sum of years digit method is kind of modified accelerated method of depreciation in which more…

Q: An equipment is bought for OMR 20,000 and its depreciation is charged at 10% per annum (p.a.) at…

A: Depreciation at the end of first year = cost of the assets x arte of depreciation

Q: An asset with a cost of P1,200,000 is to be depreciated over 10 years with residual value. Profit af…

A: Note : As per the Q&A guideline we are required to answer the first question  only ,please post…

Q: Some special handling devices can be obtained for $20,000. At the end of 5 years, they can be sold…

A:

Q: h) A piece of equipment purchased at ugx. 750000 depreciates at a constant annual rate of 10% for…

A: Given that, purchase price of equipment = 750000 depreciation percentages -  10% for the first 2…

Q: What is the asset salvage value at the end  of its useful life,which is 10 years?

A: Declining balance depreciation Method- Under this method, Annual depreciation is calculated as a…

Q: 1. An equipment costs P100,000 with a salvage value of P5,000 at the end of 10 years. Calculate the…

A: Depreciation is referred to as the reduction in the book value of the fixed assets due to natural…

Q: 2) An asset has an initial cost of $60,000, a salvage value of $5,000, and a depreciation life of 6…

A: Depreciation refers to the reduction in the value of an asset over a period of time.

Q: An asset is purchased for P 20,000. Its estimated life is 10 years after which will be sold for P…

A: Depreciation expense is the reduction in the value of asset due to its use (how much the asset is…

Q: On May 1, 2011, Waller Company purchased new equipment at a cost of Rs 525,000. The useful life of…

A: Assets can be either current or non-current based on their term of life. Assets that lasts for more…

Q: An economic analysis is being performed in real (not actual) dollars. The company’s combined MARR is…

A: Depreciation is a non-cash expenses for the company. The depreciation expenses is charged because…

Q: Equipment for immersion cooling of electronic components has an installed value of P 819,000 with an…

A: The declining balance method of depreciation is also known as the reducing balance method or the…

Q: ook value at the end of 14 years is P2,197.22. Using Sum of the Years Depreciation, determine the…

A: Depreciation: It is the reduction in the value of assets due to its continuous use and wear and…

Q: 1 Initial cost of Ice Cream machine jas RO 5,000, salvage value is RO 1,000 and it has 6 years of…

A: Depreciation is the reduction in value of asset over the useful life of asset. Under sum of years…

Q: If an asset cost €27,000 and the annual depreciation charge calculated using the straight-line…

A: Every fixed asset loses its value over a period of time. Depreciation is charged to record a…