Ten years ago, a contractor was able to purchase a crane whose capacity is 2000 tons costing P125 per ton. The life was estimated to be 15 years with a salvage value of 10% of the cost. A market has been found for the old crane for P80,000. If the depreciation has been figured on a straight line basis what is the

Q: Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: A factory equipment has an initial cost of P175,000. Its salvage value after 8 years is P18,000. As…

A: ANSWER : Cost of the equipment = 175,000 Cost of the equipment - estimated salvage value =…

Q: Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis…

A: Answer a) Calculation of Salvage Value Salvage Value = (Purchase price of Imaging Unit + Purchase…

Q: A company purchased a van at a cost of $42,000 and expects its salvage value to be $6,000 after…

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

Q: The Erley Equipment Company purchased a machine 5 years ago at a cost of $100,000. The machine had…

A: Capital budgeting techniques helps a company to select among the alternative available investment to…

Q: A certain corn mill decided to sell its old engine which has been used for 5 years costing P7,200…

A: SOLUTION DEPRECIATION REPRESENTS HOW MUCH OF AN ASSETS VALUE HAS BEEN USED.

Q: If money is worth 10% to the company, should the old machine be replaced or not and how much is the…

A: Initial cost of existing vertical boring machine is considered at P60,000 being the realizable value…

Q: what will the Depreciation Expense be for the second year if the straight-line method is used

A: Given information is: French Confection, Inc., bought machinery at a cost of $83,000 at the…

Q: NUBD Co. had a machine with an original cost of P95,000 and an estimated salvage value of 5,000.  It…

A: Annual Depreciation on old machine = (Cost of the assets - Salvage value) / life of the assets =…

Q: An engineer bought equipment for P500,000. He spent an additional amount of P30,000 for the…

A: The salvage value is the remaining value of a fixed asset at the end of its useful life.   Given…

Q: Lance Co. had a machine with an original cost of P95,000 and an estimated salvage value of 5,000. It…

A: Annual Depreciation on old machine = (Cost of the assets - Salvage value) / life of the assets =…

Q: A delivery car had a first cost of $30,000, an annual operating cost of $16,000, and an estimated…

A: Annual worth consist of the annual operating cost and equivalent annual cost of first cost with…

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 was purchased at an amount of 8 million dinars for the construction works, noting that the…

A: Straight-Line depreciation method :  = (Value of the asset - Salvage value) / No of useful life…

Q: Eight years ago, a company purchased an injection molding machine at $40,000. It has been…

A: Information given in the case: Cost of machine = $40,000 Life = 12 years Salvage value at the end of…

Q: Cyber Manufacturing purchased a complete video borescope system for applications that require work…

A:

Q: A piece of machinery costs P50,000 and has an anticipated P8,000 salvage value at the end of its…

A: Depreciation is a gradual decrease in the value of asset due to normal wear and tear, obsolescence…

Q: determine book value at the end of 3rd year, accrued depreciation at the end of 2nd year and annual…

A: Accrued depreciation at end of 3rd year: =(Cost- Salvage)x [(1+i%)3 -1]/[(1+i)5 -1] here i =…

Q: An old machine has a first cost of P10M and an annual operating cost of P2,023,479 and a useful life…

A: The annual equivalent cost refers to the cost of possessing, operating, painting the machine or the…

Q: A new engine was installed by a textile plant at cost of P and projected to have a useful life of 15…

A: Given information : Useful life 15 Salvage value 31000 Capitalized cost 360000 Interest…

Q: The Erley Equipment Company purchased a machine 5 years ago at a cost of $100,000. The machine had…

A: Given  Old machine purchase price - $100,000 Life -10 years - remaining life 5 years Salvage value…

Q: The initial cost of a paint sand mill, including its installation, is P800,000. The BIR approved…

A: Initial cost = P 800,000 Salvage value = P 50,000 Dismantling cost = P 15000 Life = 10 Years

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

A: The salvage value of the equipment is residual value. It can be calculated by using the depreciation…

Q: golden gate co. is evaluating the replacement of its existing manufacturing equipment with a new…

A: The question is based on the concept of replacement of machine. Replacement of machine decision is a…

Q: A delivery car had a first cost of $40,000, an annual operating cost of $15,000, and an estimated…

A: The annual operating cost can be considered as an annuity where the future value will be  A =…

Q: Zed Inc constructed a building at a cost of $13650000. Weighted-average accumulated expenditures…

A: Depreciation is an accounting method where the assets are gone through wear and tear over the period…

Q: Ten years ago, a contractor was able to purchase a crane whose capacity is 2000 tons costing ₱125…

A: Ten years ago, a contractor was able to purchase a crane whose capacity is 2000 tons costing ₱125…

Q: The initial cost of a paint sand mill, including its installation is P 700,000.00 . The BIR approved…

A: The calculation of annual depreciation under straight line method has been made as follows: Annual…

Q: A commercial company plans to buy the device for $ 20,000 and is expected to sell it for $ 8,000 in…

A: Formula: Straight line method depreciation = ( Asset cost - Salvage value ) / Useful life

Q: LLED has purchased a new chip making machine for $1,500,000 with a salvage value of $100,000 in 10…

A: Straight-line depreciation per year=Cost of asset-Salvage valueUseful life

Q: The Erickson Toy Corporation currently uses an injection moulding machine that was purchased 2 years…

A: The calculation of NPV is done below:

Q: A construction company is considering changing its depreciation from the MACRS method to the…

A: Depreciation refers to an accounting method or system of allocating the cost of a tangible or…

Q: An injection moulding machine was purchased 2 years ago. The machine has been depreciated on a…

A: The difference between the current value of cash inflows and outflow of cash over a period of time…

Q: One year ago, Machine A was purchased for $15,000, to be used for 5 years. The machine has not…

A:

Q: NUBD Co. had a machine with an original cost of P95,000 and an estimated salvage value of 5,000. It…

A: Sunk cost refers to expenses which have already been incurred and cannot be recovered at any cost…

Q: The initial cost of paint sand mill, including its installation is, P800 000.00. The BIR approved…

A: A non-current asset is a fixed asset acquired by a business entity to support its business…

Q: A delivery car had a first cost of $36,000, an annual operating cost of $16,000, and an estimated…

A: As given in question : Cost of car = $36000 AOC( Annual Operating Cost) = $16000 Salvage value =…

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

A:

Q: The initial cost of an evaporative crystallizer including its installation is P930,000. The approve…

A:

Q: A machine purchased three years ago for $309,000 has a current book value using straight-line…

A: First of all, the cost of old machinery is sunk cost and no more relevant for our calculations. The…

Q: Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis…

A: Depreciation is a reduction in the value of assets due to the usage of that asset. We can evaluate…

Q: If a new machine is purchased for OMR 250,000 that has a useful life of 5 years with no residual…

A: Annual depreciation=Purchase valueUseful life=OMR 250,0005=OMR 50,000

Q: On January 1, 2003, Superior Landscaping Company paid P17,000 to buy a stump grinder. If Superior…

A: Depreciation is the gradual conversion of the cost of a  fixed asset into expense. It is a charge…

Q: Newport Corporation purchased equipment for making pneumatic vibration isolators at a cost of…

A: When an existing asset is studied as planning for replacement and its proper execution is known as…