A ceiling fan costs 1,680 has an economic life of 3 years and has scrap value of 20. What isthe yearly depreciation? (Straight Line Method)O A. 560.00О в. 553.33О с. 549.12D.536.13

Depreciation refers to the method of allocating the costs of the assets over their useful life. It…

Answered: A ceiling fan costs 1,680 has an…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Provide step by step manual solution, given, and depreciation table for below mentioned problem. Make sure yet that your answer is the same as the given answer before sending your solution. An asset costing P50,000 has a life expectancy of 6 years and an estimated salvage value of P8,000. Calculate the depreciation charge at the end of the fourth period using fixed-percentage method. Answer. P5,263.87
Q1) A piece of machinery costs $5,000 and its useful life is five year. Compute the schedule of depreciation and book value at the end of each year for the machinery by: 1. The Sum of Years Digits method if you know that the depreciation value for the first year is $1333. 2. The Straight Line method if you know that the depreciation value for the first year is $760.
Assume that a machine costing $120,000 and having a useful life of 10 years (with 10 salvage value). a. Compute the depreciation expense in year 5 by using straight-line col to ensrla 15 b. Compute the depreciation expense in year 7 by using sum-of-the-years' digits c. Compute the depreciation expense in year 3 by using double-declining method Question
3. The cost of a new station wagon is RM90000. It is estimated to have a useful life of 10 years with a scrap value of RM20,000. Using the declining balance method, find the book value and accumulated depreciation at the end of eight years. (BVs = RM27029.98, AD: = RM62970.02)
What is the amount of double declining balance depreciation for year 4 if the cost of an asset is $75,000 the useful life is 5 years and the salvage vague is $4000
If a new machine is purchased for OMR 250,000 that has a useful life of 5 years with no residual value and the depreciation is expected to be charged on straight –line method. What would be the carrying value of the machine in the financial statements after 2 years? a. OMR 40,000 b. OMR 100,000 c. OMR 150,000 d. OMR 180,000
H1.
E2
at a cost of P depreciation nearest peso.) scrap or at the end of its useful life? a 12.75 million with an useful life of twenty years. What is the estimated
4
Find the rate of depreciation by reducing balance method if the cost of the machine is rs 95000 it’s salvaged value is rs 14000 and useful life is 6 years
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A ceiling fan costs 1,680 has an economic life of 3 years and has scrap value of 20. What is the yearly depreciation? (Straight Line Method) O A. 560.00 B. 553.33 O c. 549.12 D. 536.13