Q: A machine purchased for P150,000 its estimated life is 15 years, after which it will be sold for…
A: Sum of Years' Digits Depreciation Formulas The Sum of the years is calculated as 1+2+3+.......+n =…
Q: A piece of machinery at a maunfacturing plant has a cost basis of $50,000, and a salvage value of…
A: Salvage value is the expected book value of an asset after depreciation has been applied, depending…
Q: Depreciation Equipment bought for P 87,000.00 is expected to last for 24 years. If the scrap value…
A: Given: Cost of equipment: P87000 Scrap value after 20 years=P60000 Useful life=24 years To find:…
Q: What is the depreciation amount each year using straight-line depreciation for office furniture that…
A: Dear Student, as you have posted multiple questions but according to the policies and guidelines of…
Q: New York Limousine Service owns 10 limos and uses the units-of-productionthe method in computing…
A: It is given that the cost of the Limo was $32,000 at the time of purchase and it was driven 24,000…
Q: The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of…
A: Depreciation refers to the fall in values of the assets with the passage of time. The concept sets…
Q: An industrial plant bought a generator set for P90,000. Other expenses including installation…
A: We have given Generator cost =P90,000 Installation cost =P10,000 Life of generator set =17 years…
Q: Depreciation recapture occurs when a depreciable asset is sold for: (a) More than the current book…
A: Depreciation recapture is the gain obtained by the sale of depreciable capital property that must be…
Q: A factory has decided to purchase some new equipment for P650, 000. The equipment will be kept for…
A: Calculation of depreciation rate: Depreciation rate = 100%Useful life ×2=100%10x 2=20%
Q: A granary has two options for a conveyor used in the manufacture of grain for transporting, filling,…
A: Given information Two Conveyor Conveyor 1: Initial investment =$75000 Operational cost=$17000…
Q: An engineering firm purchased a second hand truck for P 530,000 and paid P 15,000 for freight and…
A: Given:- Purchase price=P530,000 Freight charge(Included in purchase price)=P15,000 Life=10 years…
Q: An industrial equipment purchased price is P800,000 with estimated to have a life of 15 years. If…
A: Given initial cost = 800,000 P asset life - 15 years Depreciation = 18 % fixed rate therefore…
Q: An equipment costing P250, 000 has an estimated life of 15 years with a book value of P30, 000 at…
A: Cost of equipment = 250,000 Life = 25 years Salvage Value = 30,000
Q: A laser machine costing 380,000 pesos has a useful life of 30,000 hours at the end of which its…
A: Depreciation means diminishing the value of capital goods over period of time . In machine hour…
Q: s
A: For the declining balance method, the depreciation value is calculated using the formula,…
Q: An industrial plant bought a generator set for P120, 000. Other expenses including installation…
A: The total cost of the generator = P120000 + P10000 = P130 000 Salvage value = 8000 Life = 15 years…
Q: The annual depreciation of P25,000 has been reserve for a machine for a machine using straight line…
A:
Q: Under the General Depreciation System (GDS) of asset classification, any asset that is not in a…
A: Depreciation is used to show the fall in the value of assets over time. There are many ways to…
Q: A pharmacy is planning to purchase a second-hand scanning microscope at a cost of BD10,500, and its…
A: Depreciation is the reduction of the value of fixed assets . Under this method depreciation…
Q: A granary has two options for a conveyor used in the manufacture of grain for transporting, filling,…
A: Given information Two Conveyor Conveyor 1: Initial investment =$80000 Operational cost=$17500…
Q: A printing machine initially costs ₱169,000. It can be sold for ₱15,000 at the end of its 12-year…
A: The double declining balance method of accelerated depreciation is a type of accelerated…
Q: Erectors Co. owns earth moving equipment that cost P90,000. After 8 years it will have estimated…
A: The double declining balance method of accelerated depreciation is a type of accelerated…
Q: An asset is purchased for P350,00. The salvage value in 18years is P65,000/ what are the…
A: Depreciation and amortisation are calculated on a straight line basis. It's also known as straight…
Q: An asset costing P50,000 has a life expectancy of 6 years and an estimated salvage value of P8,000.…
A:
Q: SplashCo Space Company has purchased a launcher system for launching passenger rockets into the edge…
A: Given Cost = $250, 000 Service life (in years) = 10 Depreciation for year 1-6 = Declining 30%…
Q: A wood products company has decided to purchase new logging equipment for $100,000 with a trade-in…
A: The MACRS, or, Modified Accelerated Cost Recovery System is defined as the system of depreciation…
Q: A granary has two options for a conveyor used in the manufacture of grain for transporting, filling,…
A: Given information Two Conveyor Conveyor 1: Initial investment =$90000 Operational cost=$14000…
Q: An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the…
A: Given, Cost of Equipment : P250,000 Time Period : 15 years Book Value : P30,000 Straight-Line…
Q: A telephone company purchased microwave radio equipment for P6,000,000. Freight and installation…
A: The cost of radio equipment = P6,000,000 Freight and installation charge = P6,000,000 x 3% = 180000…
Q: XYZ Manufacturing is considering the purchase of a new punch press. This press will cost $63,112.…
A: $38,637.16640
Q: Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis…
A: Depreciation: It is the used-up value of an asset.
Q: A manufacturing company makes it a policy that for every new equipment purchased, the annual…
A: The largest change of depreciation using the SYD method: d1=(C0-Cn)nΣ years0.25C0=C0nΣ yearsΣ years…
Q: ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost…
A: Depreciation using SYD method: d1 = (Co- Cn) n∑years 0.2 C0 = C0(n∑years)∑years = 5n
Q: A coil winding and unwinding machine that costs $32,000 has a life of 9 years with a $4,000 salvage…
A:
Q: Prepare a depreciation table for an asset bought at P150,000 and estimated to be useful for a…
A: Given: Purchase price=P150000 Life=7 years Salvage value=10% of its original cost. To find:…
Q: Switching between different depreciation methods: - Switching from one depreciation method to…
A: Subsequently, the technique for deterioration can be changed without review impact or with review…
Q: Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis…
A: * SOLUTION :- (3)
Q: ach’s Corporation purchased a Jacquard machine for P6M, freight and installation charges amounted to…
A: Given the purchase price = P6M or 6000000 Installation charges = 3% of 6000000 = 180000 Years = 10…
Q: Youngblood Shipbuilding Yard just purchased $1 million in capital equipment for ship repairing…
A: a. Cost (C) is $1,000,000. Salvage value (S) is $150,000. The recovery rate (RR) for year 3 is…
Q: A piece of machinery at a maunfacturing plant has a cost basis of $44,000, and a salvage value of…
A: A continuous, permanent, and steady reduction in the book value of fixed assets is referred to as…
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A:
Q: An equipment costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annual…
A: Annual depreciation is defined as the standard yearly rate at which depreciation is charged to a…
Q: Consider the following information: • Cost of the asset: $800,000 Salvage value of the asset:…
A: The amount of the years' digits is a sped-up technique for deciding a resource's normal depreciation…
Q: Freeman Engineering paid $40,000 for specialized equipment for use with their new global positioning…
A: A depreciation scheme used for tax reasons in the United States is the modified accelerated cost…
Q: Depreciation A manufacturing company buys an electric motor of P 50,000. It estimates that the…
A: The amount of depreciation charged against an item or a group of assets over the course of a…
Q: Equipment costing $20,000 that is a MACRS 5-year property is disposed of during the second year for…
A: Introduction Cost of equipment is $20,000. Its MACRS is 5 years. But it is disposed during the…
Q: An asset costing P50,000 has a life expectancy of 6 years and an estimated salvage value of P8,000…
A: Purchase cost = P 50,000 Expected life span = 6 years Salvage value = P 8000
Q: P 120,000,00. Its estimated life is 10 years, after
A: *Answer:
Q: A machine costing P 770,339 is estimated to have a life of 10 years. If the annual rate of…
A: The constant percentage declining balance method is one of the widely used depreciation methods.…
Q: Carrolton Oil and Gas, an independent oil and gas producer, is approved to use a 20% of gross income…
A: Suppose, the usage is 20% of gross depletion allowance, the write- off last year was $700,000 and…
A radio service panel truck initially costs P 56,000. If resale value at the end of the fifth year is estimated at P 15,000. By means of the Declining Balance Method, determine the yearly
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- A machine costing P 770,339 is estimated to have a life of 10 years. If the annual rate of depreciation is 0.18, determine the total depreciation at the year 9 using a constant percentage of the declining balance method.An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum of the years digit 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%.
- Zach’s Corporation purchased a Jacquard machine for P6M, freight and installation charges amounted to 3% of the purchase price. If the machine will be depreciated over a period of 10 years with a salvage value of 6%, determine the depreciation cost during the 8th year using the Straight line methodAn industrial plant bought a generator set for P90,000. Other expenses including installation amounted to P10,000. The generator set is to have a life of 17 years with a salvage value at the end of life of P5,000. Determine the depreciation charge during the 13th year and the book value at the end of 13 years using the (a) declining balance method (b) double declining balance method (c) sinking fund method at 12% interestThe 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.
- An electric bulb bought for P100 is guaranteed to be used for 50 hours. The certain company uses the said bulb 10 hours a day. If there is no scrap value for the bulb, compute the daily depreciation, and create the depreciation table throughout its economic lifeA factory has decided to purchase some new equipment for P650, 000. The equipment will be kept for 10 years before being sold. The estimated salvage value for depreciation purposes is to be P45, 000. Using declining balance method, what is the depreciation on the 5th year?A gasoline engine has an annual depreciation of P13,000 for 15 years and salvage value of P20,000. Using sinking fund depreciation with 15% interest. Determine the first cost of the engine.
- ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not excess 20% of the first cost at any time with no salvage value. Determine the length of the service life necessary if the depreciation used is the SYD method.An Industrial plant bought a generator set for P90,000. Other expenses including installation amounted to P10,000. The generator set is to have a life of 17 years with a salvage value at the end of life of P5,000. Determine the depreciation charge during the 13th year and the book value at the end of 13 years by sum of the year's digit method.A radio service panel truck initially cost P560,000. Its resale value at the end of the 5th year of the useful life is estimated at P150,000. By means of declining balance method, determine the depreciation charge for the second year. A. P99,658.41 B. P99,128.45 C. P99,290.00 D. P99,378.45