A machine costs RO 40,000 with a salvage value of RO 20,000. The expected life of the machine is 38000 hours in six years. In the first year, the machine is used for 4000 hours. In the second year, 6000 hours and 8000 hours on the third year. What is the depreciation at the end of the second year by using units of production method? a. RO 5120 b. RO 4160 c. RO 2080 d. RO 3120

Q: 7. Special tools for the manufacture of finished plastic products cost $15,000 and have an estimated…

A: There are various methods of calculation the depreciation expense over any non-current…

Q: JK Builders Co purchases a new excavator costing £40,000. Its expected useful life is ten years, at…

A: FORMULA OF DEPRECIATION UNDER STRAIGHT LINE METHOD = (COST OF ASSETS- RESIDUAL VALUE)/ESTIMATED LIFE…

Q: Angels Inc. purchases a piece of equipment for $65,000. The equipment has an expected useful life of…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: An automated assembly robot that cost $378,000 has a depreciable life of 5 years with a $80,000…

A: DEPRECIATION EXPENSES Depreciation means gradual decrease in the value of an asset due to normal…

Q: A bottle-capping machine costs $100,000, has an estimated life of 10 years, and has a scrap value of…

A: a)  Annual Rate of depreciation = cost of machine - salvage value / cost of machine

Q: An asset cost $200,000.  It has a salvage value of $40,000.  It has a 10 year life.  What would be…

A: Annual Depreciation under Straight-Line Method = (Cost - Salvage Value) / Useful Life

Q: A farm machine has an original cost of $200,000 and a salvage value of $25,000 after 10 years of…

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

Q: What is the depreciation deduction each year, using each of the methods below, for an asset that…

A: Depreciation is the reduction in the value of assets due to normal wear and tear, passage of time,…

Q: A copy machine was purchased for $28,000. It is estimated that the machine will have a useful life…

A: Units of activity method is one of the depreciation method.It is used to record depreciation based…

Q: XYZ bought an asset that cost $200,000 at the beginning of the year.  It has a salvage value of…

A: Depreciation appears to be the amount through which the cost of fixed assets is reduced as a result…

Q: 7. Special tools for the manufacture of finished plastic products cost $15,000 and have an estimated…

A: The rate for depreciation under the Modified-Accelerated-Cost-Recovery-System (MACRS) for the…

Q: The annual depreciation of Php20,000 has been reserved for a machine using straight line for 8…

A: Machine cost = Php200,000 Annual depreciation = Php20,000 Life of machine = 8 years

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

A:

Q: A certain office equipment has a first cost of P 20,000 and a salvage value of P 1,000 at the end of…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…