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- Consider a five-year MACRS asset, which can be purchased at $80.000. Thesalvage value of this asset is expected to be $42,000 at the end of three years.What is the amount of gain (or loss) when the asset is disposed of at the end of three years?(a) Gain $11,280(b) Gain $9,860(c) Loss $9,860(d) Gain $18,960A process plant making 5000kg /day of a product selling for $1.75 per kg has annual directproduction costs of $2 million at 100 percent capacity and other fixed costs of $700,000. What isthe fixed charge per kg at the break-even point? If the selling price of the product is increased by10 percent, what is the dollar increase in net profit at full capacity if the income tax rate is 35percent of gross earnings?Calculate Lopez Enterprises' gross profit at a CFAT of $2.5 million, $900,000 in expenses, $900,000 in depreciation costs, and a 26.4% effective tax rate.
- 1. Xavier Company contracted for the purchase and installation of a large printer which costs P250,000. This amount includes freight and installation charges estimated at 10% of the above contract price. If the printer shall be depreciated over a period of 10 years with a salvage value of P15,000 and money is worth 6% per annum, what is the annual depreciation charge using SFM? A. P19,725.67 B. P19,257.50 C. P17,070.29 D. P17,828.97A firm is considering purchasing a machinethat costs $65,000. It will be used for six years, andthe salvage value at that time is expected to be zero.The machine will save $35,000 per year in labor, butit will incur $12,000 in operating and maintenancecosts each year. The machine will be depreciatedaccording to five-year MACRS. The firm’s tax rateis 40%, and its after-tax MARR is 15%. Should themachine be purchased?Machinery for an assembly line has a cost basis of $150,000 and an expected salvage of $25,000. It is not subject to special limitations for bonus depreciation. How much bonus depreciation was, is, or will be allowed (a) in 2014? (b) in 2018? (c) in 2024? (d) in 2026?
- A trucking company computes depreciation on its vehicles by a mileage basis.Suppose a delivery truck has a cost of $20.000. a sa lvage value of $2.000. andan estimated useful life of 200.000 miles. Determine the depreciation rateper mile.(a) $0.08(b) $0.09(c) $0.10(d) $0.11An asset costs $150,000 and has a salvage value of $15,000 after 10 years.What is the depreciation charge for the 4th year, and what is the book value atthe end of the 8th year with(a)Straight-line depreciation?(b)Double declining balance depreciation?You purchased a molding machine at a cost of $88,000. It has an estimateduseful life of 12 years with a salvage value of $8,000. Determine the following·:(a) The amount of annual depreciation computed by the straight-line method.(b) The amount of depreciation for the third year computed by using the double-declining-balance method.
- i will 10 upvotes urgent. Which of the following statement correctly describes 'depreciation' ? (a) It is a monthly allowance for wear and tear of a capital good. (b) It is based on the demand and supply of consumer goods in market. (c) It is calculated as the cost of good divided by number of years of its useful life. (d) It accounts for sudden destruction of capital caused due to natural calamities.Olivia’s asset is purchased for Php 25,000. Its estimated life is 12 years after which it will be sold for Php 15,000. Find the depreciation for the 5th year and book value at the end of 8th year using Straight Line Method. a. 833.33 - 18,333.36 b. 833.33 - 4,166.67 c. 4,166.67 - 18,333.36 d. 533.33 - 4,166.67ZYK company makes its policy that for every new equipment purchased, the annual depreciation should not exceed 10% of the first cost at any time without salvage value. Determine the length of service if depreciation used is the SYD Method. Show COMPLETE solution. Do not use excel Select one: a. 15 years b. 19 years с 18 уears d 20 years