Swifty Corporation purchased a depreciable asset for $359100. The estimated salvage value is $33500, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset? $325600 $35910 $359100 $33500

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Q: Mandu Corp. acquired a machine at a total cost of P5,200,000. The estimated life of the machine is 8…

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Q: Wildhorse Corporation purchased an asset at a cost of $60,000 on March 1, 2020. The asset has a…

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Q: Coby’s Corp. purchased an equipment worth P 475,000 with a salvage value of P 70,000. Its useful…

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Q: Equipment costing $78000 with a salvage value of $18000 and an estimated life of 8 years has been…

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A: Depreciation  rate under double declining method  = 2 / useful life  =2/10 =0.2 Or 20%

Q: A machine purchased for P315374 has a depreciable life of 7 years, and it has a terminal book…

A: Depreciation is the allocation of cost of asset over the useful life of the asset. Under straight…

Q: On January 1, a machine with a useful life of five years and a salvage value of $30000 was purchased…

A: Depreciation has considered a reduction in the value of assets due to the uses of that asset. We can…

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A: Depreciation is allowed as an expense for cost of machine during the life of machine.  Straight line…

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A: Depreciation is a reduction in value of asset due to wear and tear, technological advancement, other…

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A: Sunk cost is the expense which had been incurred but not recovered yet. Cost of equipment or lease…

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A: The sum-of-the-years'-digits (SYD) formula is a quick way to figure out how much an asset is worth.…

Q: Vaughn Manufacturing purchased a depreciable asset for $1190000. The estimated salvage value is…

A: The depreciation is the decrease in value of an asset with the usage each and every year.

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A:

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A: Solution Depreciation is the reduction of the recorded cost of a fixed asset in a systematic manner…

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A: Depreciation is the deduction for the wear and tear of an asset. In the case of straight-line…

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A: Depreciation for each year = (Purchase cost - salvage value) ÷ Estimated life of the asset

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A: Calculation of depreciation expenses for second year of use are as follows.

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A: Tax depreciation for each year 2017–2022 is computed as below:

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A: SOLUTION   FORMULA =  ACCUMULATED DEPRECIATION  (SUM OF THE YEARS DIGIT METHOD) =(COST OF ASSET -…

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A: Depreciation rate refers to the rate at which an asset depreciates yearly during the period of its…

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A: Depreciation is the way of allocating the cost of the assets over the life of the asset, it can be…

Q: Ayayai Corp. bought equipment on January 1, 2022. The equipment cost $470000 and had an expected…

A: Depreciable cost of equipment means the total amount of depreciation which will be charged on assets…

Q: A building was purchased on January 1, 1998, for $240,000 and straight line depreciation method was…

A: Given the following information: Building was purchased on January 1, 1998, for $240,000 Straight…

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A: Borrowing cost means where the assets like building , take substantial time to build , then interest…

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Q: depreciation expense for year 3 would be

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Q: XZelent Corporation purchased equipment at a cost of P18M. The cost of repairs amounted to P2.5M.…

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Q: Please assist in solving the problem below. Thanks Bramble Corp. purchased a depreciable asset for…

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A: Depreciation has considered a reduction in the value of assets due to the uses of that asset. We can…

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A: The answer is option (b.) [RO 3375]  Refer step 2 for explanation

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