How long will it take the car to be worth half its value?
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5. If the straight line
will it take the car to be worth half its value?
A. 60 months
B. 48 months
C. 8 years
D. 48 years
Step by step
Solved in 2 steps
- A certain equipment has a first cost of P 12,000 and a salvage value of P 500 at the end of x years. What is the value of x if the annual depreciation is P 1,437.5 using the Straight Line Method?24. Steven found that the value of his new car is currently $31,200 and willdepreciate 6.9% per year. Based on the rate of depreciation, find the value ofhis car in 5 years. A. $21,822.42B. $20,436.00C. $6,240.00D. $15,600.007) Consider the following information: Asset Cost $56,000Salvage value 1,000Life 10 yearsDepreciation method Straight Line a. What is the depreciation in year 3? b. What would the depreciation in year 4 be if at the beginning of the year we think that the total asset life will be only 8 years instead of 10 years?
- 8 An electronics balance costs P84,000 and has an estimated salvage value of P6,000 at the end of its 14 years lifetime. What would be the depreciation after three years, using the sum of the years digit in solving for the depreciation? Express your answer in whole number.3. An equipment with a price of P650,000, has an economic life of 5 years and a salvage value of P 150, 000. The cost of money is 12% per year. Compute the first year depreciation using the double Declining Balance Method.5.Suppose that the purchase price of a piece of equipment is $1million.its salvage value at the end of its 5 years service life is $500000.Depreciate this asset using straight line depreciation and declining balance depreciation.
- What is the amount of double declining balance depreciation for year 4 if the cost of an asset is $75,000 the useful life is 5 years and the salvage vague is $40001. An equipment costing P750,000 has a life expectancy of 6 years. Using the sum-of-year’s digit method of depreciation, what must be its salvage value such that its depreciation charge at the fifth year is P52,380.95? A. P400,000 B. P250,000 C. P300,000 D. P200,0005. What is the ARR of a project investment of 1 million pesos of machinery with a life of 10 years and will generate profits of P250, 000? Straight line method is used in computing depreciation.
- A depreciable asset has a cost of P120,000, estimated useful life of 8 years, and an estimated residual value of P20,000.1. What is the depreciation rate if you are using the straight line method?2. What is the depreciation rate if you are using 150% declining balance method?3. What is the depreciation rate if you are using double declining balance method?Note: For nos. 1 to 3, the rate must be rounded off to two decimal places. Ex: 10.00%, 12.30%, 15.55%4. What is the depreciation rate if you are using the declining balance method?Note: For no. 4, the rate must be rounded off to 6 decimal places. Ex: 10.123456%5. Using SYD method, what is the depreciation expense for the 1st year?6. Using SYD method, what is the carrying amount at the end of the 6th year?7. Using double declining balance method, what is the carrying amount at the end of the 3rd year? Subparts 6-7onlyA depreciable asset has a cost of P120,000, estimated useful life of 8 years, and an estimated residual value of P20,000.1. What is the depreciation rate if you are using the straight line method?2. What is the depreciation rate if you are using 150% declining balance method?3. What is the depreciation rate if you are using double declining balance method?Note: For nos. 1 to 3, the rate must be rounded off to two decimal places. Ex: 10.00%, 12.30%, 15.55%4. What is the depreciation rate if you are using the declining balance method?Note: For no. 4, the rate must be rounded off to 6 decimal places. Ex: 10.123456%5. Using SYD method, what is the depreciation expense for the 1st year?6. Using SYD method, what is the carrying amount at the end of the 6th year?7. Using double declining balance method, what is the carrying amount at the end of the 3rd year?(5) The amount of the average investment for a proposed investment of $172,000 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total net income of $28,300 for the 4 years is?