2. A set of equipment for a Photo Shop was bought for RM100,000 and has a useful life of 10 years. If the scrap value is RM10000, calculate the depreciation for the 4th year using the straight-line method. (RM9000)

Q: Sail Stationery Company bought a copying machine at RM12000. The company expects to use it for 5…

A: A fixed asset is a non-current asset that is expected to be in operation for a long duration. It is…

Q: If the first cost of the item is P3000, its useful life is 6 years and a salvage value of P500. What…

A: A fixed asset is a non-current that requires huge investment capital and is expected to be in…

Q: Prepare a schedule of depreciation for a machine worth P350,000 (Price of P300,000 and installation…

A: Depreciation means the loss in value of assets because of usage of assets , passage of time or…

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A: Depreciation is the decrement in the value of asset due to usage, wear and tear obsolence or due to…

Q: If the depreciation on year 8 is 15,282 and the book value on the same year is 424,684 and money is…

A: Depreciation: A depreciation is a non-cash expenses for the company. The depreciation expenses is…

Q: 3. An asset initially costs P55,000.00 and a salvage value P5,000.00 after 11 years. What is the…

A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by…

Q: A machine costing P1,500,000.00 has an estimated economic life of 7 years. If the salvage value is…

A: The depreciation on fixed assets can be computed using various methods as straight line method,…

Q: The equipment is worth P56,000 with a salvage value of P15,000 at the end of 5 years. If the…

A: Cost of Equipment 56000 Less: Salvage value 15000 Depreciable value 41000 Estimated life 5…

Q: Tiffany bought a piece of equivalent for $40,000. The equipment has a useful life of 5 years ane a…

A: Answer) Calculation of Depreciation expense for Year 1 Depreciation expense for year 1 = Original…

Q: An asset is purchased is ten times its salvage value. Its estimated life is 10 years, after which it…

A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…

Q: A machine cost P80,000 and the salvage value is P20,000 after 10yrs. Calculate the depreciation at…

A: Depreciation: Depreciation means the reduction in an asset's value over the asset's life due to the…

Q: An equipment has a first cost of Php20,000 and has a salvage value of Php2,000 after 10 years. What…

A: Depreciation expense: Depreciation expense is the reduction in a particular asset due to its use or…

Q: An asset is purchased for P500,000.00. The salvage value in 25 years is P100,000.00. What is the…

A: The question is related to Depreciation. The details are given as under  Cost of Asset = P500000…

Q: A machine has a first cost of P36,000 and a salvage value ofP4,000 after 8 years. Find the annual…

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

Q: An engineer bought an equipment for P500,000. Other expenses including installations amounted to…

A: Depreciation Expense = Cost - Salvage ValueUseful Life

Q: 8) A machine costing P2,500 has an estimated useful life of 4 years with a scrap value of P500.…

A: Depreciation refers to the reduction in the value of asset due to its normal use and tear and wear.…

Q: Tiffany bought a piece of equivalent for $40,000. The equipment has a useful life of 5 years and a…

A: In the double declining method the beginning value of the period i.e. is (Value of equipment -…

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 property is purchased at 1M and is expected to last 10 years with a salvage value of P100,000.…

A: Initial Cost = P 1,000,000 Salvage value = P100,000. Time Period = 10 Years

Q: A machine cost ₱11,025 has a life of 8 years and has a salvage value of ₱525 at the end of 8 years.…

A: Depreciation is a kind of reduction in the value of an asset due to the usage of that asset over…

Q: A lathe machine costs ₱650,000 and the salvage value of ₱65,000 after 20 years. Find the…

A: Using declining balance method, the asset is depreciated based on its book value. The depreciation…

Q: A machine costs Php 300,000 with a salvage value of Php 50,000 at the end of its life of 10 years.…

A: Machine cost (C) = Php 300000 Salvage value (S) = Php 50000 n = 10 years r = 6%

Q: 1. A machine has a first cost of P 600,000.00 and a salvage value of P 60,000.00 at the end of…

A: "Since you have asked multiple question we will solve the first question for you.  If you want any…

Q: The 1st cost of a certain machine is P900,000.00 . After 8 years, it will have a salvage value of P…

A: It has been provided: First cost = P900,000 Salvage value after 8 years = P180,000 Time period = 3…

Q: The cost of equipment is P500,000 and the cost of installation is P30,000. If the salvage value is…

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

Q: 1. The machine costs P210 000 and expected to have a salvage value of P15 000 after 12 years.…

A: Given information, Cost of the machine =P210,000 Useful life =12 years Salvage value =P15,000…

Q: The salvage value of the equipment is P100,000 with a service life of 10 years. The annual…

A: The question is based on the concept of Depreciation Accounting.

Q: A certain machine has a first cost of 30,000; annual costs of 6,000; a salvage value of 4,000 and a…

A: Introduction: Depreciation is the process of allocating the asset's value over its expected or…

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: An equipment has an initial cost of 20,000 and a salvage value of 5,000 after 12 years. Find the…

A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by…

Q: 21. An engineer bought equipment for P500,000. HE spent an additional amount of P30,000 for…

A: Depreciation is a way of declining the cost of assets over the useful life of assets, the company…

Q: 1. A brand new bulldozer was bought for P 5.50 million with a salvage value of P 500,000 after six…

A: Depreciation can be termed as wear and tear of an asset due to which a portion of cost of the asset…

Q: A machine has an initial cost of P110,634.945 and a salvage value of P22,728.983 after 10 years.…

A: Depreciation per year = (Initial cost - Salvage value) / Useful life Depreciation per year =…

Q: Using straight-line depreciation, what is the book value after 2 years for an asset costing $152700…

A: Annual depreciation = (Cost - Salvage value)/Useful life Accumulated depreciation = Annual…

Q: s a salvage value of P 500,000 at the end of its economic life. Using the Sum of the Years Digit…

A: Salvage value is the expected book value of an asset after depreciation, based on what a company…

Q: Mercury Drug purchased a Laboratory equipment for P 100,000 and plans to keep it for 15 years. If…

A: Depreciation is the allocation of cost of asset over the useful life of the asset. Several methods…

Q: A certain equipment has a first cost of P 12,000 and a salvage value of P 500 at the end of x years.…

A: Equipment cost = P 12,000 Salvage value = P 500 Annual depreciation = P 1,437.5 Life = x

Q: construction equipment costs 700,000 pesos and will have a salvage value of 30% of its original cost…

A: Sum of useful years = 4+3+2+1 = 10

Q: was sold as scrap after ne the total depreciatio

A: Depreciation: It is the expense recorded in books under the income statement. It is the amortization…

Q: the cost of a certain asset is 500000. its life is 10 years with a scrap value of 50000.using the…

A: Alternative 1 : Depreciation rate will be 2 X SLM rate  SLM rate is  1/10 years = 10% therefore ,…

Q: Your company is considering the purchase of a machine at a cost of P1,261,652, with an estimated…

A: Introduction:-Depreciation is the method of reducing the value of an asset, due to a variety of…

Q: A construction machine was purchased at a price of $10,000 with a recovery value of $2000 after a…

A: Depreciation is the decrease in the value of assets after using it. Over the period of time, the…

Q: An equipment in a factory has an initial cost of Php200,000. Its salvage value after ten years is…

A: Annual Depreciation (straight line method) = (Cost of the assets - Residual value) / Expected life…

Q: use Sinking Fund Method and determine the depreciation at the 5th year.

A: Sinking fund method is a method of depreciation technique. This method helps in taking financing…