A laboratory centrifuge costs $79,000 and has a $5530 salvage value with an 8-year recovery period. Use the double declining balance method with switch over to straight line to tabulate the depreciation schedule at the end of each year. Please use excel if not then that is fine

A laboratory centrifuge costs $79,000 and has a $5530 salvage value with an 8-year recovery period. Use the double declining balance method with switch over to straight line to tabulate the depreciation schedule at the end of each year. Please use excel if not then that is fine

Name: A laboratory centrifuge costs $79,000 and has a$5530 salvage value wi
Uploaded: 2024-03-05T11:50:36.000Z
Channel: Bartleby
Description: A laboratory centrifuge costs $79,000 and has a$5530 salvage value with an 8-year recoveryperiod. Use the double declining balance methodwith switch over to straight line to tabulate thedepreciation schedule at the end of each year.Please use excel

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

An injection molding system has a first cost of $200,000 and an annual operating cost of $69,000 in years 1 and 2, increasing by $5,500 per year thereafter. The salvage value of the system is 25% of the first cost regardless of when the system is retired within its maximum useful life of 5 years. Using a MARR of 11% per year, determine the ESL and the respective AW value of the system. The ESL is ]year(s) and AW value of the system is $|
Due to equipment power failure of Ceramics Plant, a disbursement a day would be$3,500. To avoid future power failures, it is recommended to purchase a standby machinefor $30,000 which is estimated to have a useful life of 14 years, $7,000 salvage value atthe end of this time. Previous records illustrate normal power failure of 4 days each year.Annual maintenance and operation would cost $3,200 for 4 days. Minimum required rateof return is 17%. Will you recommend purchasing the standby machine?
Herme, the quarry supervisor for Espinosa Stone, wants to select the more economical of two alternatives for quarry dust control. Help him perform a spreadsheet-based AW evaluation for the estimates with MARR = 12% per year.
A cooling water pumping station at a manufacturing plant in N City cost $30,000,000 to construct, and it is projected to have a 25-year life with an estimated salvage value of 10% of the construction cost. If the cooling water pumping station will be book-depreciated to zero over a recovery period pf 30 years, calculate d_10 using the double declining balance method.
Need help Ill give like
please as soon as possible . thank you
Solve for the Depreciation and use continuous computations, round off your final answers to two (2) decimal places.
An injection molding system has a first cost of $200,000 and an annual operating cost of $85,000 in years 1 and 2, increasing by $4,500 per year thereafter. The salvage value of the system is 25% of the first cost regardless of when the system is retired within its maximum useful life of 5 years. Using a MARR of 9% per year, determine the ESL and the respective AW value of the system. The ESL is year(s) and AW value of the system is $
Rework the given problem, assuming the following additional information:• The machine is classified as a seven-year MACRS recovery period. Thetax rate is 40%. and the after-tax MARR is 10%.
PLEASE SOLVE THIS TWO PROBLEMS ASAP. THANK YOU! A. A machine costs P388868 with a salvage value of P18029 is expected to last for 28537 hours in 5 years. In the first year of service it was used for 8077 hours. Compute the book value at the end of the first year. B.The cost of a certain asset is P486042 , its life is 5 years and scrap value is P9050 . Find the cost of depreciation after the first year using a constant percentage method.
1- Which Project will be selected? 2- please attach your handwritten answer.