A coil winding and unwinding machine that costs $32,000 has a life of 9 years with a $4,000 salvage value. Use classical straight-line depreciation to determine the book value after 7 years.
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- An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the end of the period. Compute the depreciation charge and its book value after 10 years using the sum of years digit method.An asset purchased for $50,000 has a depreciable life of 5 years, and it has a terminal book (salvage) value of $5,000 at the end of its depreciable life. With the straight-line method of depreciation, what is the asset’s book value at the end of year 3?Sean purchased an appliance that costs $8,850, has a life of 10 years and a salvage value of $500.Using straight line method:a.) Determine the book value at the end of the fourth year.b.) Determine the total depreciation at third year.c.) Find the depreciation at the 5th year
- An SMP machine costs $500,000 and has a $50,000 salvage value after 10 years of use. Using straight-line depreciation, what are the depreciation charge and book value for the machine after year 5?Software and hardware for optimizing cell design of robotic picking lines have an installed cost of $78,000 with no residual value after 5 years. For years 2 and 4, use DDB book depreciation to determine (a) the depreciation charge, and (b) the book value.The original cost of modem equipment is P 300,000 and it is depreciated by a 10% sinking fund method. Determine the annual depreciation charge if the book value of the equipment after 10 years is the same as if it had been depreciated at P 28,000 each year by straight line method.
- An equipment costs ¥ 10,000 with a salvage value of ¥ 500 at the end of 10 years. Calculate the total depreciation charge and book value at the end of 7 years using: *Answer should be rounded off to 2 decimal places. Do show solution, thank you.An automated assembly robot that cost $362,000 has a depreciable life of 5 years with a $90,000 salvage value. The MACRS (Modified Accelerated Cost Recovery System) depreciation rates for years 1, 2, 3, and 6 are 20.00%, 32.00%, 19.20%, and 5.76%, respectively. What is the book value at the end of year 3? Year 5? Year 6? The book value at the end of year 3 is $ . The book value at the end of year 5 is $ . The book value at the end of year 6 is $A touch-sensitive assembly robot that costs $300,000 had a depreciable life of 5 years with an expected $50,000 salvage value when purchased 3 years ago. Using MACRS depreciation, determine any DR, CG, or CL if the company sold the robot after 3 years for $80,000.
- An income producing asset costs $50,706 and will be depreciated using Double Declining Balance with a $3,363 salvage value over 9 years. What is the Book Value in year 2?Del Norte Brick Co. is located near the intersection of Texas, New Mexico, and Mexico. Improved access to the company’s property is via a small bridge across the Rio Grande. The cost of the bridge was $770,000. Determine the depreciation and book value for year 3 according to the MACRS method.An old machine was purchased 3 years ago at a cost of ₱50,000. It was estimated to have a useful life of 8 years, with a salvage value of ₱5,000. It is now going to be replaced by a new machine costing ₱70,000 and ₱30,000 trade-in will be allowed for the old machine. Determine the sunk cost if depreciation has been computed by the (a) straight line method, (b) sinking fund method at 16% and (c) SOYD method'.