A machine cost RO 50,000 and its estimated salvage value is RO 5000 and its expected life is eight years. The depreciation expense using Straight-line for the first year is:

Q: The initial cost of a machine is 30000 TL, its depreciation life is 7 years and its scrap value is…

A: Depreciation describes the decrease in the value of the asset on a systematic basis on yearly basis.…

Q: The price of a system of jockey pumps is P5,500,000. PLM decided to purchase this system and spent…

A: Depreciation means the loss in value of assets because of usage of assets , passage of time or…

Q: If the depreciation on year 8 is 15,282 and the book value on the same year is 424,684 and money is…

A: Depreciation: A depreciation is a non-cash expenses for the company. The depreciation expenses is…

Q: value of P30, 000 at the end of the per iod. Compute the depreciati nd its book value after 10 years…

A: We can also find the declining depreciation by declining rate which is founded in below table and it…

Q: The initial cost of a paint sand mill, including its installation is P 800,000. The  depreciable…

A: Formula: Straight line method deprecation = ( Asset cost - Salvage value ) / Useful life

Q: A machine costs RO 40,000 with a salvage value of RO 20,000. The expected life of the machine is…

A: Under units of production method, depreciation is calculated on the basis of units produced during…

Q: A machine has an initial cost of P74,777.226 and a salvage value of P8,991.127 after 7 years. What…

A: Initial cost = P 74,777.226 Salvage value = P 8991.127 Life = 7 Years Annual depreciation = (Initial…

Q: A bulldozer was bought for ₱ 0.50M and have an estimated useful life of 10 years after which it will…

A: Straight-line depreciation expense=Cost of Asset-Scrap ValueUseful Life

Q: A machine with a cost of $474000 has an estimated salvage value of $24000 and an estimated useful…

A:

Q: A tool is purehased for $500,000. The expected life is 25 years. The salvage value is $100,000. what…

A: Depreciation represents the reduction in the value of the asset over a useful life of the asset. It…

Q: A lathe machine cost P300,000 with a salvage value of P15,000 is expected to last for 285000 hours…

A: The depreciation expense is charged on fixed assets as reduction in the value with the usage and…

Q: An asset is purchased is ten times its salvage value. Its estimated life is 10 years, after which it…

A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…

Q: A machine costs RO 40,000 with a salvage value of RO 20,000. The expected life of the machine is…

A: Depreciation is the decrease in the value of asset. Salvage Value is the estimated value of property…

Q: A machine has an initial cost of P91,123.71 and a salvage value of P14,839.26 after 7 years. What is…

A: Total Depreciation under Straight Line Depreciation = Annual Depreciation x No. of years Annual…

Q: A machine of the factory cost RM100,000. The machines depreciates 10% every year by using straight…

A: Depreciation is a reduction in the value of assets due to the usage of that asset. We can evaluate…

Q: A high-precision programmable router for shaping furniture components is purchased by Henredon for…

A: Under declining balance method, the depreciation is charged on the book value of the assets.

Q: At the end of its economic life of P45,000 operational hours, an item costing P500,000 has a salvage…

A: Let's understand some basic Depreciation is an accounting method of allocating the cost of a…

Q: A machine was purchased at an amount of 8 million dinars for the construction works, noting that the…

A: Straight-Line depreciation method :  = (Value of the asset - Salvage value) / No of useful life…

Q: A price of the new machine purchased by ABC company was P50,000 and expected to lastfor 14 years…

A: A fixed asset's cost is gradually turned into an expense through depreciation. The cost of a fixed…

Q: Fenway Athletic Club plans to offer its members preferred stock with a par value of $100 and an…

A: Preferred stock are stock which provides the holder with fixed dividend and have the priority over…

Q: at is the amount of depreciation for the second full year, during which the machine was used 5,000…

A:

Q: A new engine was installed by a textile plant at cost of P and projected to have a useful life of 15…

A: Given information : Useful life 15 Salvage value 31000 Capitalized cost 360000 Interest…

Q: The original cost of a certain machine is P150,000.00, has a life of 8 years with a salvage value of…

A: Declining Balance Method of Depreciation :— Under this method, depreciation expense is calculated by…

Q: Equipment with a cost of $950000 has an estimated salvage value of $30000 and an estimated life of 4…

A: Depreciation: It refers to a gradual decrease in the fixed asset’s value because of obsolescence,…

Q: An equipment has an initial cost of 20,000 and a salvage value of 5,000 after 12 years. Find the…

A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by…

Q: The pipe making machine costs $25,000 and has an expected scrap value of $5,000 at the end of its…

A: RB method is reducing balance method of depreciation, under which depreciation is being charged…

Q: A machine has an initial cost of P110,634.945 and a salvage value of P22,728.983 after 10 years.…

A: Depreciation per year = (Initial cost - Salvage value) / Useful life Depreciation per year =…

Q: An asset with unknown first cost value is depreciated by the straight-line method over its five year…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: A machine costs RO 40,000 with a salvage value of RO 20,000. The expected life of the machine is…

A: Given: Cost Value = RO 40,000 Salvage value = RO 20,000 So,  Depreciation per hour = Cost value -…

Q: construction equipment costs 700,000 pesos and will have a salvage value of 30% of its original cost…

A: Sum of useful years = 4+3+2+1 = 10

Q: The cost of an asset is RO 50,000 and has an estimated use value of 20,000 hours. During the first…

A: Depreciable base=Cost of an asset-Salvage value=RO 50,000-RO 4,000=RO 46,000

Depreciation Methods

The word "depreciation" is defined as an accounting method wherein the cost of tangible assets is spread over its useful life and it usually denotes how much of the assets value has been used up. The depreciation is usually considered as an operating expense. The main reason behind depreciation includes wear and tear of the assets, obsolescence etc.

Depreciation Accounting

In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.