Kimmy brought a couch worth Php 10,000 and 10 years later, he sold it for Php 8,000. If the depreciation continues at the same rate, how much would be the worth of the couch in four years more?
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A: Hi student Since there are multiple questions, we will answer only first question.
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Kimmy brought a couch worth Php 10,000 and 10 years later, he sold it for Php 8,000. If the
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- Alfredo Company purchased a new 3-D printer for $900,000. Although this printer is expected to last for ten years, Alfredo knows the technology will become old quickly, and so they plan to replace this printer in three years. At that point, Alfredo believes it will be able to sell the printer for $15,000. Calculate yearly depreciation using the double-declining-balance method.Josh bought a huge photocopier machine for 350,000.00 pesos for his new business and will use it for 9 years with a salvage value 85,000.00 pesos. a. How much is the book value on the 4th year if he used sum of the years digit method in computing the depreciation?b. How much is the total depreciation after using the machine for 3 years?If Kim buys a car for $30,000 with an estimated life of 5 years, with a residual value of $5,000, what is the book value at the end of year 4? Assume straight-line depreciation.
- Jack bought a property for $270,000. The value of the building on the property is $220,000. If the building has an economic life of 50 years, what is the depreciated value of the building after 5 years?Mr. Ceballos purchased a statue for Php 2,500. Ten years later, he sold this statue for Php 7,500. If the statue is viewed as an investment, what annual rate did he earn? 6. How many years will it take for an investment to be twice its value if it earns 8% compounded annually?Jose and his friend invest in a machine for their business that costs P1,200,000.00. The machine has an economic life of 10 years and has a salvage value of P100,000.00. If money is worth 7%, what is the total depreciation on 5th year. Use the sinking fund method.
- Anika purchased a property and pays Php250,000 cash and the balance is to be repaid in 20 annual payments of Php 10,000 each. If money is worth 4.5%, what is the cash value of the property?Bill bought a property for $270,000. The value of the building on the property is $220,000. If the building has an economic life of 50 years, what is the depreciated value of the building after 5 years?Ahsan Co bought a piece of land in 1991 for $160,000 which appreciated in value at the rate of 3% per year for the first three years and then at the rate of 4% for the next four years. Find its value after 7 years
- Larry's car is worth $18,000 after 5 years. When the car was new, it sold for $24,000. What is the depreciation rate?Josh plans to spend his 200,000.00 pesos to buy his first motorcycle and use it his transportation business. He plans to stay in the business for 4 years and sell the motorcycle for 50,000.00 pesos. a. How much is the depreciation rate of the motorcycle if he used a straight line method to compute the depreciation?b. How much is the motorcycle if he plans to sell it after 3 years?Alvin Cobought a piece of land in 1991 for $160,000 which appreciated in value at the rate of 3% per year for the first three years and then at the rate of 4% for the next four years. Find its value after 7 years.