If machine has a first cost which is five times of its salvage value and the annual depreciation charge is equal to P1,234.00 and a recovery period of 12 years. How much is the first cost in pesos using SLM? Answer round off to two decimal places
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- An asset is purchased for P9,000.00. Its estimated life is 10 years, after which it will be sold for P1,000.00. Find the book value during the third year if sum-of-the-year's digit (SOYD) depreciation is usedA laser machine costing 380,000 pesos has a useful life of 30,000 hours at the end of which its salvage value is 45,000 pesos. In the first year it was used for 2,190 hours, in the 2nd year, 3,170 hours. Find the 2nd year depreciation cost.A machine costing P540,000 has a life expectancy of 12 years with a salvage value of P40,000. Using the Depreciation by Sinking Fund Method (SFM), what is the depreciation in the fourth year? Assume i=8%.
- Certain equipment that cost Php. 7,000 has an economic life of n years and a salvage value of Php. 350 at the end of n years. The book value at the end of 4 years is Php. 2,197.22. Use the sum of the years’ digit method. Compute the total depreciation after 6 years.If a certain equipment has a book value P4,863.00 during its 7th year of operation. If the annual depreciation is equal to P802.00 and it has a salvage value of P861.00, using the SLM, what is the recovery period in years?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 printing equipment costs P 74,506 has a life expectancy of 9 years and has a salvage value of P 4,479 at the end of its life. The book value at the end of x years is equal to P 30,389. Using straight line method of depreciation, solve for the value of x.Depreciation Equipment bought for P 87,000.00 is expected to last for 24 years. If the scrapvalue after 20 years is P 60,000.00. How much is the depreciation for year 12?The annual depreciation of P25,000 has been reserve for a machine for amachine using straight line for 10 years. If the first cost is P300,000,determine the salvage value of the machine.
- A factory equipment has an initial cost of P200,000,00. It salvage value after 10 years is P20,000,00. As a percentage of the initial cost, what is the straight line depreciation rate of the equipment?An industrial plant bought a generator set for P120, 000. Other expenses including installation amounted to P10, 000. The generator is set to have a life of 15 years with a salvage value at the end of life of P8, 000. What is the depreciation charge during the 12th year by SYD method?A certain newly created company installed a 10,000kW electric generating plant at a cost of P430 per kW. The estimated life of the plant is 15 years. Salvage value is conservatively set at x% of the first cost. The interest on the sinking fund deposit is 3.5%. The accumulated depreciation after 10 years is P2,483,595.