An asset is purchased for P350,00. The salvage value in 18years is P65,000/ what are the depreciation in the first three years using straight line method ?
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An asset is purchased for P350,00. The salvage value in 18years is P65,000/
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- A company purchased an asset for P10,000 and plans to keep it for 20 years. If the salvage value is zero at the end of the 20th year, what is the depreciation in the third year? Use SOYD method.A certain commodity is amounting P1million. Freight and installation chargesamounted to 3% of the purchased price. It is expected to have a life of 8 years with a salvage value of 12% of the first cost. Determine the depreciation charge during the 5th year using MACRS Method.A crane rental company has acquired a new heavy-duty crane for $280,000. The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of its 12-year life is $40,000. If the crane is rented an average of 133 days per year, what is the depreciation rate per rental? The depreciation is per day of rent. (Round to the nearest dollar.)
- An asset is purchased for 9,000. It estimated economic life is for 10 years after which it will be sold for P1000. Find the depreciation in the first three years using straight line method?A machine costing P540,000 has a life expectancy of 12 years with a salvage value of P40,000. Using the Depreciation by Sinking Fund Method (SFM), what is the depreciation in the fourth year? Assume i=8%.If a certain equipment has a book value P4,863.00 during its 7th year of operation. If the annual depreciation is equal to P802.00 and it has a salvage value of P861.00, using the SLM, what is the recovery period in years?
- Certain equipment that cost Php. 7,000 has an economic life of n years and a salvage value of Php. 350 at the end of n years. The book value at the end of 4 years is Php. 2,197.22. Use the sum of the years’ digit method. Compute the total depreciation after 6 years.An industrial plant bought a generator set for P120, 000. Other expenses including installation amounted to P10, 000. The generator is set to have a life of 15 years with a salvage value at the end of life of P8, 000. What is the depreciation charge during the 12th year by SYD method?The annual depreciation of P25,000 has been reserve for a machine for amachine using straight line for 10 years. If the first cost is P300,000,determine the salvage value of the machine.
- A printing equipment costs P 74,506 has a life expectancy of 9 years and has a salvage value of P 4,479 at the end of its life. The book value at the end of x years is equal to P 30,389. Using straight line method of depreciation, solve for the value of x.A stop watch used for TMS has a selling price of P1500. If its selling price is expected to decline at a rate of 10% per year due to obsolescence. Using Depreciation a. given b. formula c. what will be its selling price after 3 years?An asset is purchased for P9,000.00. Its estimated life is 10 years, after which it will be sold for P1,000.00. Find the book value during the third year if sum-of-the-year's digit (SOYD) depreciation is used