0,000 with original residual value of ₱200,000 after 15 years of useful life, had been revalued at a replacement cost of

Q: A depreciable property costing P2,600,000 with original scrap value of P200,000 after 15 years, ha…

A: DEPRECIATION: It is the reduction in the value of fixed assets due to its continuous use. It is…

Q: An asset costing $20,000 has estimated useful life of 5 years and salvage value of $4,500. Calculate…

A: >Accounting principle states that the cost of the long term assets (like equipment) is to be…

Q: A building acquired at the beginning of the year at a cost of $1,630,000 has an estimate residual…

A: a) Computation of  Depreciable cost is as follows:=Cost -Residual value=$1630000-$340000=$1290000

Q: A building with a cost of $1,125,000 has an estimated residual value of $225,000, has an estimated…

A: The objective of the question is to calculate the annual depreciation, book value at the end of the…

Q: Concord Corporation constructed a building at a cost of $13650000. Weighted-average accumulated…

A: depreciation expense under SLM method = (Cost incurred +avoidable interest cost - salvage value) /…

Q: A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual…

A: Depreciation is an method where the firm's assets to be recorded with present value by deducting an…

Q: An equipment worth Php 350000 has an anticipated salvage value of Php (15000x8) at the end of its…

A: Double declining depreciation rate = Straight line depreciation rate x 2 = (100/5 years) x 2 = 40%

Q: A plant asset was purchased on May 1, 2021. The asset had a cost of $54,000, a salvage value of…

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

Q: Lloyd Company purchased a depreciable asset for P1,360,000. The estimated salvage value is P360,000,…

A: Lets discuss basics. Depreciation is a reduction in value of asset due to wear and tear,…

Q: A machine purchased for $315653 has a depreciable life of 7 years, and it has a terminal book…

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

Q: If Ricky Padilla uses the straight-line method to depreciate an asset, depreciation expense will be…

A: First we will calculate the book value of machinery using straight line method - Let the book value…

Q: A depreciable property costing P1,400,000 with original residual value of P80,000 after 10 years,…

A: When the asset's market value changes then it gives revaluation loss or revaluation surplus.

Q: will be depreciated by the MACRS (GDS) straight-line method of depreciation. The effective income…

A: AE = First cost + PV of after-tax operating expense - PV of tax savings on depreciation…

Q: Use the appropriate function in Excel (=SLN) to calculate the annual straight-line (SL)…

A: Depreciation of Asset through Straight Line Method.

Q: Kobi Technologies book-depreciated an asset at $27,500 per year for four years using the straight…

A: Salvage value can be computed using the following formula: Depreciation amount=Initial cost-Salvage…

Q: A depreciable property costing 1,400,000 with original residual value of 80,000 after 10 years, had…

A: Revaluation Surplus = Fair value - Carrying Amount   Depreciation Expense = Cost - Residual…

Q: A building with a cost of $112,500 has an estimated residual value of $22,500, has an estimated…

A: Under straight line method of depreciation, depreciation remains same every year. Straight line…

Q: An asset was purchased for $77,000 and originally estimated to have a useful life of 10 years with a…

A: Answer a) Computation of depreciation as per Straight line method is = (Cost of an asset - Residual…

Q: What is the depreciation deduction each year, using each of the methods below, for an asset that…

A: Depreciation is the reduction in the value of assets due to normal wear and tear, passage of time,…

Q: A building with a cost of $170,000 has an estimated residual value of $32,000, has an estimated…

A: Given:Cost of the building = $170,000Residual value = $32,000Useful life = 9 years Annual…

Q: Concord Corporation constructed a building at a cost of $13650000. Weighted-average accumulated…

A: Assets: Assets are the resources of an organization used for the purpose of business operations.…

Q: A new barcode reading device has an installed cost basis of $21,490 and an estimated service life of…

A: The calculation of depreciation expense for the year eight, book value at the end of year seven and…

Q: Assume that Brown's Salvage Company paid $30,000 for equipment with a 10-year life and zero expected…

A: Depreciation expense:— It is the allocation of depreciable cost of asset over the estimated useful…

Q: 0,000 per year. Wh

A: Concept Under straight Line method, same amount of depreciation is charged on the Asset in each of…

Q: Marissa's company recently purchased a depreciable asset for $190,000. The estimated salvage value…

A: Depreciation is an outlay reported in the books of a business entity to report the regular usage of…

Q: Consider the following data on an asset: • Cost of the asset = $38,000 • Useful life = 6 years •…

A: The depreciation on an asset can be charged by using different depreciation method such as straight…

Q: A depreciable asset currently has a $40,100 book value. The company owning the asset uses…

A: Formula: Straight line method = ( Cost of Asset - Salvage value ) / useful life

Q: A building with a cost of $843,750 has an estimated residual value of $168,750, has an estimated…

A: Answer a Depreciation =Cost - Residual valueUseful life=$843,750-$168,75027=$25000 per year The…

Q: A depreciable property costing P2,600,000 with original scrap value of P200,000 after 15 years, had…

A: Here discuss about the details of the annual depreciation expenses which are incurred after the…

Q: The cost of an asset is $1.200,000, and its residual value is $180,000. Essmated usetul ife of the…

A: Formula: Depreciation rate = ( 100 / Useful life years ) x 2

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: An asset was purchased for $257000. It had an estimated salvage value of $49000 and an estimated…

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: A plant asset cost P96,000 and is estimated to have a P12,000 salvage value at the end of its 8-year…

A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…

Q: An asset, with a useful life of 10 years, wasacquired at the beginning of year 1 at a cost of $60…

A: The objective of the question is to calculate the revaluation amount of an asset that was initially…

Q: An asset was purchased 6 years ago for P6500. At that time its life and salvage value were estimated…

A: The depreciation rate % for each year is determined using the SYD technique, which divides the…

Q: with no salvage value. Determine the length of service life necessary if the depreciation method…

A: Depreciation refers to the process of configuring the diminished value of an asset until its value…

Q: A new machine tool is being purchased for $260,000 and is expected to have a $36,000 salvage value…

A: The practice of allocating the cost of a tangible or physical item over the course of that asset's…

Q: asset was purchased at a cost of P7,000. It was estimated to have a useful life of ten years with a…

A: total depreciation one year before it was sold Assuming asset will be sold at end of it's useful…

Q: Given a cost of a depreciable fixed asset of $24,000 with a salvage value of $2,000 and a life of 5…

A: 1. Given a cost of a depreciable fixed asset of $24,000 with a salvage value of $2,000 and a life of…

Q: A bulding acquired at the beginring of the year at a cost of $2,200,000 has an estimated residual…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: An asset was purchased on May 1, 2000. The asset had a cost of Php54,000, a salvage value of…

A: Cost of asset  = purchase cost + delivery and installation  = 54000+31500 = Php85500

Q: A $100,000 asset has a $20,000 salvage value after its 10-year useful life. The depreciation…

A: Depreciation expense refers to the fall in the value of the asset due to passage of time, wear and…

Q: An asset with a cost of £250,000 and no salvage value were originally depreciated on a straight-line…

A: Depreciation is a non-cash outlay that is to be reported in the books so as to show the regular wear…