The annual depreciation of P25,000 has been reserve for a machine for a machine using straight line for 10 years. If the first cost is P300,000, determine the salvage value of the machine
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The annual
machine using straight line for 10 years. If the first cost is P300,000,
determine the salvage value of the machine.
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- An asset is purchased for 9,000. It estimated economic life is for 10 years after which it will be sold for P1000. Find the depreciation in the first three years using straight line method?A company purchased an asset for P10,000 and plans to keep it for 20 years. If the salvage value is zero at the end of the 20th year, what is the depreciation in the third year? Use SOYD method.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 by sum of the year's digit method.
- 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 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 P1.8M 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.
- 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?An asset is purchased for P350,00. The salvage value in 18years is P65,000/what are the depreciation in the first three years using straight line method ?A machine costing P540,000 has a life expectancy of 12 years with a salvage value of P40,000. Using the Depreciation by Sinking Fund Method (SFM), what is the depreciation in the fourth year? Assume i=8%.
- An industrial plant bought a generator set for P120, 000. Other expenses including installation amounted to P10, 000. The generator is set to have a life of 15 years with a salvage value at the end of life of P8, 000. What is the depreciation charge during the 12th year by SYD method?A machine costs P7,000, last 8 years and has a salvage value at the end of life of ₱350. Determine the depreciation charge during the 4th year by using: straight line method, sum of the years digit method, and declining balancing 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.