5. An electronic balance costs P90,000 and has an estimated saivage value of P8,000 at the end of its 10 years life time. What would be the book value after three years, using the straight line method in solving for the depreciation?

Q: Do you think that LEED™ is a realistic standard for commercial real estate?

A: The much more frequently used green construction grading system on the planet is LEED (Leadership in…

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A: total cost of building A = 100,000+500,000 = 600,000 revenue from building A = 200,000+(70,000 x 20)…

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Q: 6. An asset that is book-depreciated over a 5-year period by the straight-line method has BV3…

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Q: how is quality measured in real estate?

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Q: Q.2: What are Common Building Defects that building owners usually encounter in the maintenance…

A: The common building defects are discussed below: 1. Plumbing faults: This is mostly caused due to…

Q: True or false? All risk belongs to the owner unless transferred by contract.

A: The given statement is  "All risk belongs to the owner unless transferred by contract." It is true.

Q: Calculate the depreciated replacement cost of a building having the following particulars by…

A: Given that, Present rate of the construction = 1300/m²/- Area (A) = 350m² Age of building = 25years…

Q: Name the types of Bailers and desctibe about them.

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Q: Define the term Lien Waivers?

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Tax Significance of Depreciation

While calculating taxes, depreciation is the method used to allocate the cost of a tangible or immovable asset over the useful life of an asset. In other words, allocate part of that cost to the times when tangible assets help generate revenue or sales. By recording the depreciation of an asset, depreciation reduces the amount of taxes a company or business pays in tax deductions.