A machine having a first cost P60,000 will be retired at the end of 8 years.Depreciation cost is computed using the fixed percentage or the decliningbalance method. What is the total cost of depreciation up to the time themachine is retired if the annual rate of depreciation is 28.72%.56,001.5457,002.25O65,345.2558,002.4554,002.45

Depreciation: It is the accounting method by which cost of a tangible or physical asset is…

Answered: A machine having a first cost P60,000…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 3CE: A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years....

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A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years. Prepare depreciation schedules reporting the depreciation expense, accumulated depreciation, and book value of the machine for each year under the double-declining-balance and sum-of-the-years-digits methods. For the double-declining-balance method, round the depreciation rate to two decimal places.
At the end of the expected useful life of a depreciable asset with an estimated 15% residual value, the accumulated depreciation would equal the original cost of the asset under which of the following depreciation methods?
Utica Machinery Company purchases an asset for 1,200,000. After the machine has been used for 25,000 hours, the company expects to sell the asset for 150,000. What is the depreciation rate per hour based on activity?
A machine having a first cost of P60,000 will be retired at the end of 8 years. Depreciation cost is computed using a constant percentage of the declining book value. What is the total cost of depreciation in pesos, up to the time machine is retired if the annual rate of depreciation is 28.73%? 57,000 56,000 58,000 59,000
A machine having a first cost of P 60,000.00 will be retired at the end of 8 years. Depreciation cost is computed using a constant percentage of the declining book value. What is the total cost of depreciation in pesos, up to the time the machine is retired if the annual rate of depreciation is 28.72%?
A machine costing P 720,000 is estimated to have a book value of P 40, 545.73 when retired at the end of 10 years. Depreciation cost is computed using a constant percentage of the declining value. What is the book value after 3 years?
A machine costing 720,000 is estimated to have a book value of 40,545.73 when retired at the end of 10years. Depreciation cost is computed using a constant percentage of the declining book value. What is the annual rate of depreciaton in % ?
A lathe machine costs P650,000 and the salvage value of P65,000 after 20 years. 7.Find the annual depreciation at the end of 5 years by DBM 8.Find the annual depreciation at the end of 5 years by DDBM. 9.Find the depreciation charge at the end of 5th year by DBM. 10.Find the depreciation charge at the end of 5th year by DDBM. 11.Find the book value at the end of 5 years by DBM. 12.Find the book value at the end of 5 years by DDBM
Ane barcode reading device has an instated cost basis of $21,760 and an estimated service life of seven years it will have a zero salvage valun at that time. The 150% deckning balance method is used to depreciate this asset a. What will the depreciation charge be in yearseven? b. What is the book value at the end of years? e What is the gain (or loss) on the disposal of the device if it is sold for $900 after six years? a. The depreciation charge in year soven will be $(Round to the nearest dollar) CETTE
3. A certain office equipment has a first cost of P20,000 and a salvage value of P1,000 at the end of 10 years. Determine the book value at the end of 6 years using double declining balance method 4. A machine having a first cost of P60,000 will be retired at the end of 8 years. Depreciation cost is computed using constant percentage of the declining book value. What is the total cost of depreciation, in pesos, up to time the machine is retired if the annual rate of depreciation is 28.72%? notluloa
A machine costing P720,000.00 is estimated to have a life of 10 years. If the annual rate of depreciation is 25%, determine the total depreciation using the constant percentage or declining balance method
A machine has a cost basis of 1000000 TL and a salvage value of 80000 TL. Depreciation period is 8 years. Company wants to apply DDB (double declining balance) method. What will be the depreciation amount at year 7? (Switch to straight line method if it is necessary.) 44495 52435 115000 48989 .

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