Depreciation Equipment bought for P 87,000.00 is expected to last for 24 years. If the scrap value after 20 years is P 60,000.00. How much is the depreciation for year 12?
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A: To find : Deprecation.
Equipment bought for P 87,000.00 is expected to last for 24 years. If the scrap
value after 20 years is P 60,000.00. How much is the depreciation for year 12?
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- 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.)A motor cycle has an initial cost of P 50,000.00 and a salvage value of P 10,000.00 after 10 years. What is the straight line method depreciation rate as a percentage of the initial cost?A manufacturing company purchases a new machine for $10,000. The expected useful life of the machine is 5 years, and it has no residual value. Calculate the annual depreciation expense using the straight-line depreciation method.