Topic major measures of Central value A machinery depreciated by 40% in the first year, 25 per cent in the second and 10% p.a. during the next three years. What is the average rate of depreciation during the whole period?
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- Equipment acquired at the beginning of the year at a cost of $175,000 has an estimated residual value of $12,000 and an estimated useful life of 10 years. Determine (a) the doubledeclining- balance rate and (b) the double-declining-balance depreciation for the first year.Equipment acquired at the beginning of the year at a cost of $145,000 has an estimated residual value of $18,000 and an estimated useful life of five years. Determine (a) the double-declining-balance rate and (b) the double-declining-balance depreciation for the first year.If straight-line and double-declining balance depreciation rates for n = 8 years are calculated and compared, the rates (in percent) for the second year are:
- Use the sum-of-the-years'-digits depreciation method to make a depreciation schedule (first two years) for a forklift that cost $31,000, has an expected useful life of ten years, and has a residual value of $2,600. Complete the following table for two years. Enter the depreciation rate as a fraction. Enter annual depreciation, accumulated depreciation, and end-of-year book value as decimals rounded to the nearest cent. Year Depreciation rate Annual depreciation Accumulated depreciation End-of-year book value 1 enter your response here $enter your response here $enter your response here $enter your response here Part 2 2 enter your response here $enter your response here $enter your response here $enter your response hereA building acquired at the beginning of the year at a cost of $104,000 has an estimated residual value of $4,200 and an estimated useful life of four years. Determine the following. (a) The double-declining-balance rate ?% (b) The double-declining-balance depreciation for the first year $?Last year's asset turnover of All is Well Company was 3.0. This year, the company's sales increased by 20% and average total asset decreased by 10%. What is this year's asset turnover? (Express in decimal)
- Equipment purchased at the beginning of the fiscal year for $30,000 is expected to have a useful life of 5 years, or 15,000 operating hours, and a residual value of $3,000. Compute the depreciation for the first and second years of use by each of the following methods: (a) straight-line (b) units-of-production (2,500 hours first year; 3,250 hours second year) (c) declining-balance at twice the straight-line rate (Round the answer to the nearest dollar.) First Year (a) straight-line (b) units-of-production (2,500 hours first year) (c) declining-balance at twice the straight-line rate Second Year (a) straight-line (b) units-of-production (3,250 hours second year) (c) declining-balance at twice the straight-line rateA machine costing 720,000 is estimated to have a book value of 40,545.73 when retired at the end of 10years. Depreciation cost is computed using a constant percentage of the declining book value. What is the annual rate of depreciaton in % ?Using the following information, create a Double declining, depreciation schedule. Van cost:34,440 Residual value: 1,722 Useful Life: 3 Years Example: Straight-line depreciation Schedule. Years Value at the beginning of the year Depreciation End of year Value 1 34,440 10,906 23,535 2 23,535 10,906 12,628 3 12,628 10,906 1,722
- e. The average sale period. (The inventory at the beginning of last year totaled$1,920,000.) f. The operating cycle. g. The total asset turnover. (The total assets at the beginning of last year totaled$12,960,000.)TOPIC: DEPRECIATION SUBJECT: ENGINEERING ECONOMY Determine the total depreciation at the end of the 10th year and the book value at the end of the 10th year for an asset that costs Php 2,000,000 and has estimated scrap value of Php 100,000 at the end of 11 years using Double Declining Balance Method.An asset costs $1,000,000.00 and has an estimated residual value of $250,000.00 at the end of 5 years of use a) Calculate depreciation by the methods: linear, sum of digits and exponential b) Calculate the book values obtained by each method at the end of each year, and plot.