A machine cost P160,000 and is estimated to have a life of 6 years. If the rate of depreciation is 25%, find the salvage value using the declining balance method.

Q: A plant erected to manufacture socks has a first cost of P9,371,311 with a salvage value of x% of…

A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…

Q: What is the depreciation deduction, using 200% DB method, after year 2 for an asset that costs…

A: Given  The initial cost of the asset (P) =₱60430 Salvage value (F)= ₱7000 Expected useful life (n)=5…

Q: Use MACRS to compute the depreciation schedule for office furniture purchased for $80,000 (use the 7…

A: The correct answer is given in the second step .

Q: You have started a business and purchased a new truck (asset class 00.22). The cost basis for…

A: Hi student, thanks for posting the question. As per the guideline, we are providing answer for the…

Q: You are given the following information for Calvani Pizza Co.: sales = $41200; costs =____ $21601;…

A: Depreciation expense is the amount that a company's assets are depreciated for a single period (…

Q: What is the depreciation rate dt each year t for an asset that has a 5-year recovery period and is…

A: The depreciation rate can be calculated by using the formula given below:

Q: An equipment cost 10,000 with a salvage value of 500 at the end of 10 years. Calculate the annual…

A: * ANSWER :-  The OPTION C ( 950 ) is correct answer.   * Explanation :-  Given that, Initial cost of…

Q: A crane rental company has acquired a new heavy-duty crane for $280,000. The company calculates…

A: here we calculate the depreciation rate per rental so the calculation of the following as follow-

Q: Problem 2.a: Consider the data in the following tables: First cost Book depreciation life MACRS…

A: Depreciation is the normal wear and tear of any depriciable asset / machine.  There are various…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: (A) Sum of the Years Digit MethodTotal Depreciation Expense=100,000(120,000-20,000)Sum of the Years…

Q: A draw bench for precision forming and strengthening of carbon steel tubing has a cost of $900,000.…

A: The double-declining balance depreciation technique is a sped-up depreciation strategy that…

Q: What is the depreciation deduction, using 200% DB method, after year 4 for an asset that costs…

A: Given  The first cost of the asset (P) =67894 Salvage value (F)=7000 Life =7 years We have to…

Q: A company purchased new mining equipment in year 2018 by paying $400,000 cash. The company plans to…

A: To calculate the book value of the asset at the end of year 2, you would subtract the total…

Q: Q1) On early April 1, 2015, Organization A paid $150,000 for a piece of machinery. This machinery is…

A: Given the cost of machinery = $150000 Expected life = 5 years Salvage value = $30000

Q: A certain commodity is amounting P1million. Freight and installation charges amounted to 3% of the…

A: Given  Cost of commodity = 1,000,000.  Freight and installation charges = 3% of the purchased price.…

Q: Office equipment ost P14,000, has a useful life of 12 years, and a salvage value of P1,000. Using…

A: Initial cost C0=14,000 Useful service life (L)=12 years  Salvage value CL=1000 Depreciation method:…

Q: A man bought a machine for $ 535705 six years ago. It has a salvage value of $ 36957 four years from…

A: We have,

Q: Straight Line Depreciation Example: If an asset costs $20,000, has an estimated salvage value of…

A: If an asset costs $20,000, has an estimated salvage value of $5,000 and a useful life of 5 years,…

Q: Question 5 (Depreciation): You purchase a Lexus that has a first cost of 300,000 with 200,000…

A: Answers   A) Depreciation D = (F-S)/N where F = first cost S = salvage value N = number of years…

Q: Problem 6: ZYK Corporation makes its policy that for a new piece of equipment purchased, the annual…

A: Given that, annual depreciation must not exceed 20% of the first cost we have to find the length of…

Q: ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost…

A: Under the SYD strategy, the depreciation rate percentage for every year is determined as the…

Q: Anew $15,000 car will depreciane over 5 years based on SYD method of depreciation. The first years…

A: Total depreciation in year 4 (D4) = $9,520 Book value in year 2 (C2) = $4,080

Q: A machine is purchased for P600,000 with a salvage value of P 85,000 after 25 years. What is the…

A: Machine cost = 600000 Salvage value = 85000 Life of asset = 25 years Depreciation = cost  - salvage…

Q: A draw bench for precision forming and strengthening of carbon steel tubing has a cost of…

A: To calculate the depreciation and book value for year 2 using the double declining balance method,…

Q: An asset has an expected life of 15 years, but is to be depreciated using a MACRS 7-year property…

A: The cost basis of a property is the original purchase price plus any additional costs associated…

Q: ompany RLM purchased a machine that cost $60,000 and will last 6 years. A salvage value was not…

A: Given the information: The cost of the machine = $60000 Time period = 6 years Salvage value = zero

Q: Using the following data, solve for the depreciation and book value and prepare tabulation of book…

A: During the useful life of a physical asset, the asset's cost is depreciated using an accounting…

Q: The cost of a certain machinery is $30,000. Its useful life is 6 years, and its resale value is…

A: Given the cost of machine = $30000 Time = 6 years Resale value = $5000

Q: What is the depreciation of equipment purchased at 3 years ago for $64,405 if it is depreciated…

A:

Q: Identify the depreciation method used for Double-declining-balance depreciation?

A: Double declining balance method: it is an accelerated method of depreciation under which the…

Q: Store Local Department Store Across Town Neighboring City Travel Time Each Way (Minutes) 15 30 60…

A: Introduction:The sum of all costs spent by a firm in achieving a given level of production is known…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Detailed explanation:Straight line method :Depreciation per year = ( cost - scrap value ) / useful…

Q: A pump costs $7000 has a life of 5 years with no salvage value. What is the SL depreciation amount…

A: A typical approach of estimating an asset's depreciation expenditure throughout its useful life is…

Q: Create a cashflow diagram or table. A European manufacturing company has new equipment with a first…

A: Under the SYD method, the depreciation rate % for each year is computed as the number of years in…

Q: You must evaluate the purchase of a spectrometer for the R&D department. The base price is $140,000,…

A:

Q: If an asset has a first cost of P50,000 with a P10,000 estimated salvage value after 5 years,…

A: The correct answer is given in the second step.

Q: A manufacturing company purchases a new machine for $10,000. The expected useful life of the machine…

A: Depreciation is the process by which businesses allocate the cost of an asset over the period of…

Q: a construction equipment costing 630,000 has a life of 10 years using the sum of years digit method,…

A: A construction equipment costing 630,000. Life of 10 year. Total depreciation at the end of 4 years…

Q: Subject : Engineering Economics Please write handwritten Answer

A: • Purchase Price of Machine = Rs. 50,000• Useful Life of Machine = 5 Years• Salvage value of machine…

Q: Answer the following questions: A) What are the methods of depreciation in engineering economy? B.).…

A: Depreciation refers to the decrease in the value of physical properties or assets over time and use.…

Q: A certain equipment costs P7,000 has a salvage book value at the end of 14 years is P2,197.22. of…

A: Given the cost of equipment = P7000 Salvage value = P350 Book value at the end of 14th year =…

Q: Company purchases a new punch press at a cost of $265,000. Delivery and installation cost $46,000.…

A: (1) Cost basis = Purchase cost + Delevery and Installation cost…

Q: AN EQUIPMENT WAS PURCHASED FOR P500,000.00. END OF LIFE COST AFTER 25 YEARS IS P100,000.00. FIND THE…

A: We have, The cost of the asset is P500,000 Life is 25 years Salvage value (SV) is P100,000…

Q: 2. Fill in the blank your numeric answer for each of the following question. 1. A machine with a…

A: We will answer the first question since the exact one was not specified. Please submit a new…