industrial drilling machine has an initial cost of P385,000. Determine the following if the salvage value is P60,000 at the end of its life of 10 years.  a) the book value after 4 years using double declining balance method.  b) the book value at the end

Q: An equipment costs P7000 and has a life of 8 years and salvage value of x after 8 years. If the book…

A: Depreciation expense (sum-of-the-years' digits method ) = (Cost of the assets - Salvage…

Q: A machine having a certain first cost FC has a life of 10 years and a salvage value of 6% of the…

A: Let the first cost be x  Salvage value (SV) = 0.06 Life (n) = 10 years BV at the end of 6th year =…

Q: A machine costs Php 2,000,000. It has a salvage value of Php 500,000 at the end of its economic…

A: total depreciation of the machine. BV = FC - Total depreciation 800000 = 2000000 - Total…

Q: A new CNC machine has an installed with a cost basis of $35,000 and an estimated service life of…

A: Given: Cost of asset = $35,000 Life = 7 years

Q: Determine its book value at the end of 8 years using: Declining balance method.

A: Under the declining balance method of depreciation, larger depreciation expense is allocated in the…

Q: A machine costing P1,500,000.00 has an estimated economic life of 7 years. If the salvage value is…

A: The depreciation on fixed assets can be computed using various methods as straight line method,…

Q: A certain machine costs 2.5M while its salvage value is 150,000 at the end of 8 years. Determine its…

A: Formula: Depreciation expense =  ( Cost of Asset - salvage value ) / Useful life

Q: A machine has a first cost of Php80,000 and salvage value of Php10,000 for 10 years. Using straight…

A: Meaning of depreciation: Depreciation refers to a reduction in the value of the asset due to use.…

Q: A machine with a cost of $474000 has an estimated salvage value of $24000 and an estimated useful…

A:

Q: A machine with a cost of $67,600.00 has an estimated residual value of $3,188.00 and an estimated…

A: Double-declining balance method (Accelerated method): In this method of depreciation, the…

Q: Air handling equipment that costs P12, 000 has a life of eight years with a P2, 000 salvage value.…

A: Depreciation expense: Depreciation expense is the reduction in a particular asset due to its use or…

Q: A piece of certain equipment has the first cost of ₱90,000 and a salvage value of ₱4,500 at the end…

A: Depreciation = ( Historical cost - Salvage value)/Useful life  Book value = Historical cost -…

Q: A machine costing P45,000 is estimated to have a salvage value of P4,350 when retired at the end of…

A: Depreciation rate =  1- ( Salvage Value/Cost)1/n Where n is the number of years of useful life.

Q: An asset costs $100,000 and has a useful life of 10 years. The salvage value at the end of 10 years…

A: Modified Accelerated Cost Recovery System (ACRS), has prescribed rate of depreciation that is apply…

Q: A UV machine cost 550,000 pesos and has a salvage value of 10% of its cost at the end of its…

A: Machine cost = 550,000 Salvage value = 10% Depreciable value = 550,000*(1-0.10)…

Q: An automated assembly robot that cost $400,000 has a depreciable life of five years with a $100,000…

A: The book value is the cost of the assets less the depreciation for the period. The depreciation is…

Q: A machine costing P480,000 is estimated to have a salvage value of 10% of the first cost when…

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of…

A: Double-declining balance method (Accelerated method): In this method of depreciation, the…

Q: An earth moving equipment that cost P 90,000 will have an estimated salvage value of P18,000 at the…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: A machine purchased three years ago for $311,000 has a current book value using straight-line…

A: Machinery costs can be classified into two domains Annual ownership costs Operating Costs Annual…

Q: A machine cost P480, 000 and has a salvage value of 10% of its cost at the end of its life of 30,000…

A: Lets understand the basics. Depreciation is a reduction value of asset due to wear and tear,…

Q: A machine has an initial cost of P110,634.945 and a salvage value of P22,728.983 after 10 years.…

A: Depreciation per year = (Initial cost - Salvage value) / Useful life Depreciation per year =…

Q: An equipment costs P480,000 and has a salvage value of 10% of its cost at the end of its economic…

A: The straight-line method charges depreciation by an equal amount and if the useful life of an asset…

Q: The annual depreciation of Php20,000 has been reserved for a machine using straight line for 8…

A: Machine cost = Php200,000 Annual depreciation = Php20,000 Life of machine = 8 years

Q: Assume that the equipment consists of an input device with a cost of $60,000, residual value of…

A: GIVEN DATA   Assume that the equipment consists of an input device with a cost of $60,000, residual…

Q: A machine costs P37,783, last 14 years and has a salvage value at the end of life of P2,229.…

A: The depreciation is a decline in the value of tangible assets over their useful life. it is a…

Q: Machine “A” has an initial cost of $ 50,000 with an estimated period of 12 years and a salvage value…

A: Present value of cash outflows = Cash outflows/(1+r)n  r is interest rate and n is time period of…

Q: A machine originally had an estimated useful life of 5 years, but after 3 complete years, it was…

A: Machinery has already been depreciated for 3 years with an estimated useful life of 5 years.   Now…

Q: Ten years ago, a contractor was able to purchase a crane whose capacity is 2000 tons costing P125…

A: Straight line basis is a method of calculating depreciation and amortization, the process of…

Q: A machine with a cost of $65,400 has an estimated residual value of $4,262 and an estimated life of…

A: Dpreciation rate=1Useful life×2=15×2=40%

Q: A new barcode reading device has an installed cost basis of $20,670and an estimated service life of…

A: Double declining balance method is a method which is used to determine the value of depreciation…

Q: A machine purchased three years ago for $313,000 has a current book value using straight-line…

A: Keep old machine Purchase new Machine Annual Operating expense $32000 $9000 x No. of years 10…

Q: The pharmacy’s delivery van cost $12,000.00. Its estimated useful life is 10 years, and the disposal…

A: Van cost = $ 12000 Life = 10 Years Disposal value = $ 1500

Q: A machine costing P480,000 is estimated to have a salvage value of 10% of the first cost when…

A: Answer) Calculation of Book value at the end of 5 year Year End Depreciation Expense…

Q: An automated assembly robot that cost $352,000 has a depreciable life of 5 years with a $85,000…

A: Depreciation for a year = Opening book value * depreciation rate for that year. Ending book value =…

Q: A certain equipment costs $7,000 has an economic life of "n" years and a salvage value of $350 at…

A: The loss in the value of asset is termed as depreciation, if it gets reduced due to the normal usage…

Q: new machine was bought for ​$8,500 with a life of eight years and no salvage value. Its annual…

A: For finding out equivalent annual cost we have to find present value FACTOR for ANNUITY and from…

Q: An underground rock mechanics testing device is to be double declining depreciated. It has a first…

A: Depreciation means the loss in value of assets because of usage of assets , passage of time or…

Q: A machine has a life of 25 years, costs $250,000, and has a salvage value of $20,000 using…

A:

Q: A printing equipment cost P500,000 and the cost of handling and installing is P30,000. The life of…

A: Depreciation is charged to record reduction in value of fixed assets over the period of time.…

Q: A machine with a cost of $50,000 has an estimated residual value of $5,000 and an estimated useful…

A: Given the following information: Cost of the machine: $50,000 Residual value: $5,000 Estimated…

Q: A certain equipment costs P7,000 has an economic life of “n” years and a salvage value of P350 at…

A: Sum of Years of Digit is one of the depreciation methods which is used internationally by the…

Q: Welding machine cost P50,000 and has a life of 12 years and a salvage value of P8,000 at the end of…

A: Cost = P 50000 Expected Life of the Welding machine = 12 years Depreciation on 1st Year = Cost * ( 1…

Q: Machine “A” has an initial cost of $ 50,000 with an estimated period of 12 years and a salvage value…

A: The present value of the annuity is the current worth of a cash flow series at a certain rate of…

Q: A certain machine has a first cost of 30,000; annual costs of 6,000; a salvage value of 4,000 and a…

A: Depreciation refers to the allocation of the assets value over the expected or the useful life of…

Q: A new barcode reading device has an installed cost basis of $22,820 and an estimated service life of…

A: In the case of 150% declining balance method, depreciation is calculated as follows - Depreciation…