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- The first cost of a machine is P1.8M with a salvage value of P300,000 at the end of its life of 5 years. Determine the total depreciation after three years. Using Double Declining Balance Method.The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of 5 years. Determine the total depreciation after 3 years. Using SYD.The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of 5 years. Determine the total depreciation after 3 years. Using Declining Balance Method. COMPLETE SOLUTION
- 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 factory has decided to purchase some new equipment for P650, 000. The equipment will be kept for 10 years before being sold. The estimated salvage value for depreciation purposes is to be P45, 000. Using declining balance method, what is the depreciation on the 5th year?The total depreciation of an equipment after its 16 years of useful life is P448,475. Using the Straight-Line method of depreciation, determine the following: 1. Total depreciation after 9 years. 2. First cost, if the salvage value is 10% of the first cost. 3.Book value after 11 years, if the salvage value is 15% of the first cost.( Note: This is not connected to Question 2) With detailed solution not in excell. Guaranteed to vote it up, thank you.
- An industrial plant bought a generator set for P90,000. Other expenses including installation amounted to P10,000. The generator set is to have a life of 17 years with a salvage value at the end of life of P5,000. Determine the depreciation charge during the 13th year and the book value at the end of 13 years using the (a) declining balance method (b) double declining balance method (c) sinking fund method at 12% interestThe 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.An asset costing P50,000 has a life expectancy of 6 years and an estimated salvage value of P8,000 calculate the depreciation charge at the fourth year period using declining balance method
- A machine costs P1,800,000. It has a salvage value of P300,000 at the end of 5 years. If money is worth 6% annually, determine the total depreciation at the 2nd year using declining balance method.A gasoline engine has an annual depreciation of P13,000 for 15 years and salvage value of P20,000. Using sinking fund depreciation with 15% interest. Determine the first cost of the engine.A machine costing P 770,339 is estimated to have a life of 10 years. If the annual rate of depreciation is 0.18, determine the total depreciation at the year 9 using a constant percentage of the declining balance method.