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A: Depreciation means a fall in the value of an asset/property considering the usage life. The wear…
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A: Hi student, thanks for posting the question. As per the guideline, we are providing answer for the…
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Q: Give 3 reasons for the depreciation of assets
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Q: An asset purchased for $50,000 has a depreciable life of 5 years, and it has a terminal book…
A: Salvage value is an asset's anticipated book value after depreciation, based on what a firm…
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A: Hi! thanks for the question but as per the guidelines we answer only one question at one time.…
Q: 2. An asset purchased for $50,000 has a depreciable life of 5 years, and it has a terminal book…
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A: Declining Balance Method is also called the Constant-Percentage Method or the Matheson formula.
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A: Yes, the inclusion of a depreciation expense reflect the true cost of doing business
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A: Depreciation is the value of used asset. It is simple giving some cost to a good over its useful…
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Q: Define the term Depreciation?
A: Depreciation is the loss in the value of an asset over time due to some factors.
Q: 1. An equipment costs P 10,000 with a salvage value of P 500 at the end of 10 years. Calculate the…
A: Given Initial cost of the equipment is P 10,000 Salvage value =P 500 at the end of 10 years
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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.…
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A: cost = 182,000 Salvage Value - 40,000 time = 15 years
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…
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A: Given Data, Initial Cost Ci = P60000 n = 10 yrs. New capital required given as below....
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A: *Answer:
Q: Write note on why depreciation is important in Economic analysis
A: Depreciation is used to show the fall in the value of assets over time.
Q: Question 13 An asset with an 8-year ADR class life costs $50,000 and was purchased on January 1,…
A: Calculate the depreciation each year D1 = 50,000 * 14.29% = 7,145 D2 = 50,000 * 24.49% = 12,245 D3…
Q: Equipment costing $20,000 that is a MACRS 5-year property is disposed of during the second year for…
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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…
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- Compute the interest paid on a 3-year lease for a $26,738 car if the annual rate of depreciation is 16% and the lease's annual interest rate is 4.8%. Round your answer to the nearest dollar.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.Suppose that you placed a commercial building (warehouse) in service inJanuary. The cost of property is $300,000, which includes the $100,000 value of land. Determine the amount of depreciation that is allowed during the first year of ownership.(a) $7,692(b) $5,128(c) $7,372(d)$4,915
- Question 4Calculate the gross value added : Sale - 400 Changein stock -(-20) Depreciation - 30Net indirect taxes - 40 Purchasea of mchinery - 200 Purchaseof an intermediate production - 250Compute the interest paid on a 4-year lease for a $27,671 car if the annual rate of depreciation is 12% and the lease's annual interest rate is 4.3%.6 For a seven year class asset costing $150,000 according to MACRS, how much is the third year depreciation? a. $36,735 b. $26,235 c. $18,735 d. None of the provided results is correct e. $21,435
- Your business buys a delivery van for $41,000 on January 4. You estimate that the van can be driven a total of 125,000 miles during its useful life; its salvage value after that will be $6,000. The van was driven 18,800 miles in year 1. Calculate depreciation for year 1 using the units-of-production method.The “Big-Deal” Company has purchased new furniture for their offices at a retail price of $125,000. An additional $20,000 has been charged for insurance, shipping, and handling. The company expects to use the furniture for 10 years (useful life = 10 years) and then sell it at a salvage (market) value of $15,000. Use the SL method of depreciation to answer these questions. a. What is the depreciation during the second year? b. Whatisthe BVoftheasset at the end of the first year? c. What is the BV of the asset after 10 years?A): Calculate the total cost, total depreciation, and annual depreciation (in $) for the following assets by using the straight-line method. (Round your answers to the nearest cent.) *chart attached* B): Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,831. The useful life is 7 years and the salvage value is $12,938. Prepare a depreciation schedule using the straight-line method. *CHART ATTACHED*