A printer cost $95,000 when new and has an accumulated depreciation of $70,000. If the business discards this plant asset, the result is _. ??
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A printer cost $95,000 when new and has an accumulated depreciation of $70,000. If the business discards this plant asset, the result is _. ??
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- A company purchased computers for $200,000. The installation charge of the computer was $10,000. Initially, the declared salvage value was $40,000. However, the company decided to sell the computer in the middle of 3rd year because of changing production plan. Fortunately, another company agreed to buy that computer for $50,000. Determine the gain or loss, if MACRS depreciation is used. Dont use excelJT Enterprises decides to scrap its old widget-making machine, which has a book value of $8,600. The salvage company pays JT $8,700 for the machine. How should JT record this disposition? a.) as a $100 loss b.) as a $100 gain c.) as an $8,600 loss d.) as an $8,700 gainOtis Company is considering replacing equipment which originally cost P500,000 and which has P460,000 accumulated depreciation to date. A new machine will cost P790,000. What is the sunk cost in this situation?
- What is the depreciable based of the machine?Please help me with this question: Holmes Packaging sold a machine for $49,500. The company bought this machine for $120,000 seven years ago and was depreciating it on a straight-line basis over ten years to a $12,000 salvage value. What is the gain (loss) that Holmes Packaging should report?The Galley purchased a property two years ago at a cost of $19,800, and the firm uses a three-year straight line depreciation method. The firm no longer uses this property so is selling it today at a price of $13,500. What is the amount of the pretax profit on the sale? A. 11140.48 B. 6900 C. 10500 D. 10702.4
- Replace or Keep Equipment? The old factory equipment was purchased four years ago for $925,000. Over the last four years, your company has allocated depreciation based on the straight-line method. The expected salvage value is $35,000. The current book value of the factory equipment is $620,000. The operating expenses total approximately $40,000 a year. It is estimated that the residual value (market value) of the old machine is $355,000. The CFO is contemplating whether to replace the piece of factory equipment. The replacement factory equipment would have a purchase price of $520,000, a useful life of eight years, a salvage value of 45,000, and annual operating costs of $35,000.I would like to check my answer to number 5 if you can write it out for me.please dont use table, use depriciation computing
- Sheridan Company is contemplating the replacement of an old machine with a new one. The following information has been gathered: Price Accumulated Depreciation Remaining useful life Useful life: Annual operating costs Old Machine $240000 72000 10 years $192000 New Machine $480000 -0- 10 years $144000 If the old machine is replaced, it can be sold for $19200. The company uses straight-line depreciation with a zero salvage value for all of its assets. Which of the following amounts is relevant to the replacement decision?LLED has purchased a new chip making machine for $1,500,000 with a salvage value of $100,000 in 10 years. The LLED company is trying to determine the best method of depreciation. Create a table and calculate the deprecation amount for each year using straight line, double declining balance, and MACRS (10 yr property class). For SL and DDB we will not depreciate below the salvage value. Using a MARR of 10% calculate the present worth of the depreciation deductions. Which is the preferred method of depreciation for LLED?What is the depreciation base of the machine on these financial accounting question?