A data server is purchased for Php 450,000. The salvage value in 18 years is Php 25,000. What is the total depreciation in the twelfth year using straight line method? Php 283,333.33 Php 284,333.33 Php 282,333.33 Php 285,333.33

A data server is purchased for Php 450,000. The salvage value in 18 years is Php 25,000. What is the total depreciation in the twelfth year using straight line method? Php 283,333.33 Php 284,333.33 Php 282,333.33 Php 285,333.33

Name: A data server is purchased for Php 450,000. The salvage value in 18 y
Uploaded: 2022-05-24T13:26:03.000Z
Channel: Bartleby
Description: A data server is purchased for Php 450,000. The salvage value in 18 years is Php 25,000. What is the total depreciation in the twelfth year using straight linemethod?Php 283,333.33Php 284,333.33Php 282,333.33Php 285,333.33

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

I am using MACRS for depreciation. Purchase date: September 1st Cost: $650,000 Salvage: $30,000 Life: 7 years What percent do I use to calculate depreciation for years 1-8?
Compute the difference on the depreciation using SLM and DBM after 4 years. Enter a positive value. An equipment bought at P132,726 and has a salvage value of 30,084 after 15 years.
A machine costs Php 800,000 with a salvage value of Php 100,000 at the end of its life of 10 years. If money is worth 4.5% annually, use Sinking Fund Method and determine the depreciation at the 5th year.
Sky-blue Pty Ltd is a large private company that manufactures special reinforced concrete and other products used in the construction of airport runways and heavy use motor vehicle freeways. During the course of the audit for the year ended 30 June 20X7, the government announced that it intends to scrap its proposed third runway project. You know that Skyblue Pty Ltd’s projections include a major share of the work expected to flow from this project. The company has been experiencing some cash flow difficulties, although this is not unusual in the industry. Management has recently fully extended their overdraft facility in order to pay day-to-day expenses such as wages and salaries. The audit partner is concerned that the company may be facing going concern problems, but the managing director maintains that future capital expenditure can be cut back to alleviate the going concern issue. In addition, surplus assets can be sold to the growing Asian market and long-term debt can be…
A machine can be purchased for $50,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $10,000. Income Year Year 1 $3,300 Initial invest Year 1 Year 2 Year 3 Year 4 Year 5 Year 2 $8,300 Compute the machine's payback period. Note: Round payback period answer to 2 decimal places. Net Income Depreciation 3,300 8,300 30,000 12,400 33,200 Year 3 $30,000 Year 4 $12,400 Net Cash Flow $ (50,000) $ Payback period = Year 5 $33,200 Cumulative Net Cash Flow (50,000) 0 0
A machine can be purchased for $90,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $18,000 Income Year 1 Year 3 Year 5. $6,000 $36,000 $60,000 Compute the machine's payback period. (Round payback period answer to 2 decimal places.) Year Initial invest - Year 1 Year 2 Year 3 Year 4 Year 5 Net Income Depreciation $ Year 2 $15,000 6,000 15,000 36,000 22,500 60,000 Year 4 $22,500 Net Cash Flow $ Cumulative Net Cash Flow (90,000) $ Payback period- (90,000)
A semiconductor manufactures equipment that costs Php 1,800,000, with an estimated salvage value of 10% at the end of six years using straight line method, Construct a Depreciation Schedule and determine the book value of the equipment after 4 years, O 680.000 O 690,000 O 820.000 O 720.000
An Airline recently purchased a new baggage crusher for Php 50,000. It is expected to last 14 years and has an estimated salvage value of Php 8,000. Determine the book value at the end of 8 years, using Sum Of The Years Digit depreciation. ANSWER WITH COMPLETE SOLUTION
Cost of an x-ray machine is 1.5M pesos that has a useful life of 10 years, salvage value of 20,000 pesos. Find the 5th year depreciation using double declining balance method need answer asap
The machine cost 20,000 pesos with a useful life of 10 years. If the book value at the end of 6th year is 9,280 pesos and worth of money is 3% annually. Determine the salvage valye by sinking fund method of depreciation.
A machine was purchased for 100,000 and has a salvage value of 20,000 what is the total depreciation on the 7th year if the economic life is 10 years? Assume i = 8% Use sinking fund method
Economics