How much is the depreciation rate of the motorcycle if he used a straight line method to compute the depreciation? How much is the motorcycle if he plans to sell it after 3 years?
Q: Use MACRS to compute the depreciation schedule for office furniture purchased for $80,000 (use the 7…
A: The correct answer is given in the second step .
Q: 13. Depreciation decreases: * Capital O Cash O Bank O Liabilities
A: In economics, capital is defined as assets which include tools, plants, and equipments. These assets…
Q: You have started a business and purchased a new truck (asset class 00.22). The cost basis for…
A: Hi student, thanks for posting the question. As per the guideline, we are providing answer for the…
Q: What is the depreciation rate dt each year t for an asset that has a 5-year recovery period and is…
A: The depreciation rate can be calculated by using the formula given below:
Q: An equipment cost 10,000 with a salvage value of 500 at the end of 10 years. Calculate the annual…
A: * ANSWER :- The OPTION C ( 950 ) is correct answer. * Explanation :- Given that, Initial cost of…
Q: This depreciation method assumes constant amount is depreciated each year over depreciable (useful)…
A: In economics, depreciation is defined as a measure of decrease in the market value of an asset over…
Q: A piece of equipment costs $53,000. Its estimated salvage value after eight years is $13,000. A.…
A: Given: Cost of equipment=$53000 Salvage value=$13000 Life=8 years
Q: dump truck was bought for P $ 30,000 six years ago. It will have a salvage value of $ 3,000 four…
A: Given, Purchase value = 30,000 Salvage value = 3000 Useful life = 10 years (6 year already gone + 4…
Q: Depreciation Determine the Book Value at the end of 2011 using a. Straight line method and DDB…
A: The straight-line method deteriorates a resource by an equivalent sum for each bookkeeping period.…
Q: Q1) On early April 1, 2015, Organization A paid $150,000 for a piece of machinery. This machinery is…
A: Given the cost of machinery = $150000 Expected life = 5 years Salvage value = $30000
Q: Define the term Depreciable Property?
A: Accordance with the IRS (internal revenue service) rule, any asset which is eligible for the…
Q: Find depreciation if gross value is $180 million and the net value is $77 million
A: The information being given to us is as follows:- Gross value = $180 million Net value = $77 million…
Q: A man bought a machine for $ 535705 six years ago. It has a salvage value of $ 36957 four years from…
A: We have,
Q: Give 3 reasons for the depreciation of assets
A: The value of the fixed assets may fall due to the wear and tear. This is reffered as depreciation.…
Q: Straight Line Depreciation Example: If an asset costs $20,000, has an estimated salvage value of…
A: If an asset costs $20,000, has an estimated salvage value of $5,000 and a useful life of 5 years,…
Q: Ronald decided to install machinery that cost him $ 10000. After period of 1 year, accountant…
A: Use the below formula to calculate the depreciation: Depreciation = Intial value of machinary -…
Q: If net investment is given to bs as $200 million and the depreciation is $30 million Calculate the…
A: In an economy, the additional capital stock added in a given period of time is referred to be as net…
Q: Question 5 (Depreciation): You purchase a Lexus that has a first cost of 300,000 with 200,000…
A: Answers A) Depreciation D = (F-S)/N where F = first cost S = salvage value N = number of years…
Q: estion 39 An electronies balance costs P89,000 and has an estimaled salvage velue of Po 000 al the…
A:
Q: Anew $15,000 car will depreciane over 5 years based on SYD method of depreciation. The first years…
A: Total depreciation in year 4 (D4) = $9,520 Book value in year 2 (C2) = $4,080
Q: Using the following data, solve for the depreciation and book value and prepare tabulation of book…
A: During the useful life of a physical asset, the asset's cost is depreciated using an accounting…
Q: Cost is 70000 for some gym equipment, depreciates using a 3 year MACRS, use a table to show the…
A: Depreciation reffers to reduction in the value of asset over and over period of time due to wear and…
Q: Calculate the value of depreciation of gross value is $120 million and the net value is $100 million
A: The information being given to us is as follows:- Gross value = $120 million Net value = $100…
Q: Research the types of depreciation. Provide a definition and model of each type of depreciation,…
A: Depreciation is the reduction in the value of an asset which tends to occur over time due to wear…
Q: ociated NNP is equal to– (A) GNP- depreciationqon (B) GNP + depreciation qong (C) GNP– net export on…
A: According to the given question NNP stands for net national product is the actual amount of the…
Q: Does the inclusion of a depreciation expense reflect the true cost of doing business?
A: Yes, the inclusion of a depreciation expense reflect the true cost of doing business
Q: A 5- year MACRS has a cost basis for depreciation of $20,000. Salvage (market) value is $4,000. The…
A: Basis Cost = $20000 Salvage Value = $4000 Useful Life= 5years
Q: Input your answer(s) in UPPERCASE. Answers in lowercase will be mark as wrong. Depreciation is…
A: The wear and tear in assets due to technological obsolescence or their continued use is known as…
Q: Big W Construction purchases a dump truck to use for its upcoming projects. The purchase price…
A: Given information Big W construction company purchase dump truck Initial cost=$278000 Tire…
Q: depreciation is $604 million and gross value is $800 million Find the value of net value
A: The information being given to us is as follows:- Depreciation = $604 million Gross value = $800…
Q: Depreciation can be applied to machinery, equipment, vehicles, telephone, computers, furniture.…
A: Every resource that a company or financial organization owns or controls is referred to an asset.…
Q: What is the depreciation of equipment purchased at 6 years ago for $55,155 if it is depreciated…
A: Given Equipment cost = 55155 $ time = 15 years Depreciation Method = Sum of year method Depreciation…
Q: The first costs of an equipment is P 65,000 and a salvage value of P 3,000 at the end of its 6- year…
A: Given Cost of equipment = 65000 P salvage value = 3000 P Time= 6 years Depreciation Method = sum of…
Q: Define the term Depreciation Rate?
A: Depreciation is the decreased value of the asset from its regular wear and tear. Machinery,…
Q: What is the book value of washing machine purchased 3 yr ago for ₱15,000 if it is depreciated using…
A: Life = 5 years Book value = 15,000
Q: Carl is curious about the original cost of the digital imaging equipment he uses at the First…
A: Depreciation is the fall in the value of a particular asset due to wear and tear, obsolescence, etc.
Q: Calculate GNPFC if the value of depreciation is $300 million and the value of NNPFC is $650 million
A: According to the above-mentioned question, we are given that:- Depreciation = $300 million NNPFC =…
Q: Depreciation: Te'Andra has a computer system that she bought for $5000. Each year, the computer…
A: Depreciation refers to the loss of value of fixed assets of the producers due to normal wear and…
Q: A laboratory centrifuge costs $79,000 and has a $5530 salvage value with an 8-year recovery period.…
A: Purchase price= $79000 Salvage value= $5530 Life= 8years Double declining depreciation= 18×200%…
Q: ganizations recognize depreciation expense? Investor-Owned Governmental Not-for-Profit Organizations…
A: The term depreciation alludes to a technique used to assign the expense of an unmistakable or actual…
Q: The amount of depreciation under straight line method. O remains fixed for all year O revalued every…
A: Any item is an economic asset for an individual when he is able to get some benefit from that item.…
Q: A mining corporation purchased $120,000 of production machinery and depreciated it using 40% bonus…
A: The time value of money refers to the concept that the money you have now is worth more than the…
Q: A robotic company recorded the following the past year: revenues = $300,000; expenses = $50,000;…
A: Answer in step 2
Q: How are the Depreciation expenses calculated?
A: Depreciation: Depreciation refers to the reduction in the monetary value of a fixed asset due to…
Q: How does tax depreciation affect income taxes?
A: The tax is a unilateral payment made by the public towards the government for various purposes such…
Q: A machine was purchased 4 years ago for $50,000. The depreciation amount each year was $10,000. The…
A:
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- i will 10 upvotes do not use chatgpt 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.The world real interest rate is r*= 2%. The country of Riskistan can borrow at this rate and invest 1000 units of real output in a project where the extra payoff in all future periods is 50(we assume no depreciation). What is MPK? Should they undertake the investment project?Explain. MPK=? Should they invest? Explain please. In the last question, suppose investors learn of political instability in Riskistan and demand a risk premium of +5%. Now Riskistan can only borrow at a real interest rate of r*= 7%. Should they still do the project? Should they invest? Explain please.9- Which of the following factors will lower down someone’s disposable income? a. More depreciation b. High personal taxes c. Low intermediate consumption d. More savings
- Which president's fiscal policy included lower corporate profit and income tax rates, along with faster depreciation of property? o Barack Obama o George W. Bush o Donald Trump o Joe BidenApple is selling 30,000 units in Europe at an average price of 1500 euros per unit. Both the spot and forward rates are $1.20/euro. The cost of each unit in dollars is $1300 per unit. The elasticity of demand for Apple computers in Europe is Euro= 1.5. Now consider a depreciation of Euro (relative to US $) from $1.20/ euro to $1.08/Euro and assume zero passthrough. What is Apple's exposure? a. $45 mn b. $20 mn c. Euro 45 mn d. Euro 20 mnIn the year 2021, a corporation made $18.2 Million in revenue, $2.4 Million of operating expenses, and depreciation expenses of $6.2 Million. The state income tax rate is 9% and the federal income tax rate is 21%. How much (a) state income tax, and (b) federal income tax will this corporation pay in this tax year? Assume that the state income tax is a tax-deductable expence when filing federal income tax. The approximate state income tax is $ Million (Round to three decimal places.) The approximate federal tax is $ Million. (Round to three decimal places.) The combined effective income tax rate is enter your response here %. (Round to the nearest decimal.) The ATCF for the year 2021 is $ Million . (Round to three decimal places.)
- 14 Which of the following factors will lower down someone’s disposable income? a. More savings b. Low intermediate consumption c. High personal taxes d. More depreciationWhat are the two different ways most firms calculate depreciation?PMF, Inc., is equally likely to have EBIT this coming year of $10 million, $15 million, or $20 million. It's corporate tax rate is 40%, and investors pay a 10% tax rate on income from equity and a 40% tax rate on interest income. What is the interest tax shield if PMF has interest expenses of $5 million this coming year? A. $2 million B. $4 million C. $0.3 million D. $2.25 million
- a. What is taxable income for the first year? I have the formula taxable income = gross income - expenditures - depreciation. however I can't find depreciation value (can't tell if deductibles can be depreciated). From using the formula I got 845,330. b. how much should the company expect to pay in taxes in the first year? There are no state income taxes required. for this I got 245,699 dollars. Please help me verify my answers. thanks3. An oil refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $500,000,000. What is the depletion charge during the year it produces half million barrels of oil? no excelWrite the four components of information required in order to calculate depreciation?