2. A backhoe loader is purchased with an amount of P 2,800,000.00 by a contractor. Themanufacturer explained that the said equipment has an estimated 10 years of useful life and asalvage value of P 125,000.00. Determine its depreciation and book value for each year using theStraight Line Method.Year012345678Book ValueP 0.00Depreciation peryear℗ 0.00Book Value atthe end of theYear$ 2,800,000.00

Answered: Image /qna-images/answer/fdacf3a8-c0da-4e87-92b8-2ba52d4c6fec.jpg

Answered: alvage value of P 125,000.00. Determine…

Engineering

Civil Engineering

alvage value of P 125,000.00. Determine its depr traight Line Method. Year 0 1 2 3 4 5 6 Book Value P 0.00 De

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter9: Pricing Construction Equipment

Section: Chapter Questions

Problem 5RQ

See similar textbooks

Related questions

Q: A square land was measured using a 100m tape that is too short. The error on the computed area is…

A: Given,False length=100 mError on computed area=4.004 m2True area=10000 m2

Q: 10. Find the present worth of perpetuity of P6,000 annually with an interest rate of 10% annually,…

Q: Cost of machine = P 1.4 MUseful life = 8 yearsSalvage value = P10, 000Determine the 4thyear…

Q: >/ The following table represents a depreciation case. Complete the table End of year Depreciation…

A: The above table is related to a depreciation case. We have to complete the table based on the given…

Q: Calculate the equivalent present worth (PW) of the following cash flows. Use an interest rate of 8%…

A: Given: interest rate, r=8%

Q: (3) 24 B Bean AB A Beam AB. 301 G 4#8 12" 24' -#4 24" Given fé= 3 ksi Grade 60 steel NWC. COVER =…

A: Given: b = 12 inch d = 24 inch cover = 1.5 inch fc = 3 ksi fy = 60 ksi DL = 70 psf LL = 40 psf rebar…

Q: Solve for axial force in member CF, DE, AB, HI, EF, and BC Solve for shear force in member GH, DE,…

Q: 9K6 D hol a 10 Feet RE to Feet .. Besuce OBDEL UNVEX 00.0

A: Given thatRadius = 10 ft

Q: A. Determine the annual cost of depreciation using Straight Line and Sinking Fund method if the…

A: The original cost of equipment(Ci)=P65000.00 Cost of the dealer to transport the unit=P2000.00…

Q: 3. Suppose $100 was deposited in 2020 into an account that earil 5% interest, compounded annually At…

Q: 49. Tony bought equipment which cost P320000. Freight and installation expenses cost him P15,000 if…

Q: 36. A second hand motorcycle can be purchased by 5-end-of-month payments. The first payment would be…

A: Buyer should pay the money at once. We will calculate present value of money By converting interest…

Q: Bond is IOU with face value (V), coupon rate (b), no. of payment periods/year (C). dividend (1), and…

A: Given bond = 10000 bond time = 5 years interest = 6%

Q: 4- The cash flows have a present value of 0. Compute the value of J, assuming a 6% interest rate. 15…

A: Objective: To find the value of J provided that the present value of the cash flow is zero (0).…

Q: An industrial plant bought a generator set for 90,000. Other expenses including installation…

A: Hi there! since you have posted a question with multiple sub-parts, we will solve the first three…

Q: dermine pressure at depth f 29m imide a necarduro प्राकन प

A: Given data : Depth (h)=29 mDensity of water ρW=1000 kg/m3Acceleration due to gravity g=9.81 m/s2

Q: If the principal is P 124,860 and the future value is P 182,568, what is the value of the single…

A: This type of factor showing the relation between the present and future value. With the help of this…

Q: A machine was purchased for $ 8,000, with an estimated useful life of 10 years, and it has a scrap…

A: THE ACCOUNTING VALUE AFTER deduction of the depreciation amount over the time is called book value.…

Q: A machine costs of P 8,000 and an estimated life of 10 years with a salvage value of P 500. What is…

A: Given: Original cost Estimated life Salvage value To find: Book value after 8 years

Q: 30 %. Using IRu and make ar 7s have vsehl o

Q: Quèstion 22 A businessman borrowed P200,000 with interest at the rate of 4.3% compounded…

A: We will use net present value formula.

Q: Find the salvage value of the machine if it has an economic life of 15 years.

A: Estimation costing and evaluation: option A

Q: Given the following data for a construction equipment: Initial cost = P 1,200,000.00; Economic Life…

A: Given data, Initial cost (S) = P 1,200,000 Economic life (n) = 12 years Salvage value = P 320,000

Q: Compute the initial value of the money

A: SIMPLE INTEREST:

Q: Assets costing $ 24,000 are expected to be used for 10 years and have a salvage value of $ 4,000 at…

A: Cost of asset=24000 Salvage value=4000

Q: A lathe machine was purchased 12 years ago for P50,000. As the life of the machine was 20 years, a…

A: Given data, Life of machine = 20 years Salvage value = P15000 Old machine cost = P50000 New machine…

Q: Engr. Graziella loans an amount of P150,000 at 8% effective annual interest. She agreed to pay the…

Q: John bought a car with cash value of P15,294 on the installment plan under the following terms:…

A: Given data: Car price=P15,294 Down payment=P4,312 r=5.23% n=1 (number of years) t=4( because…

Q: An equipment costing P250,00o0 has an estimated life of 15 years with a book value of P30,000 at the…

Q: A dump truck was bought for ₱300,000, six years ago. It will have a salvage value of ₱ 30,000 four…

Q: Question 50 At 7.7%, a bridge cost P 210M with a life of 21 years. The bridge must be partially…

A: Given First cost= P210M Interest rate= 7.7%

Q: Problem 1: A civil engineer bought a crane for erecting tall buildings. It was invoiced from Japan…

Concept explainers

Dimensional homogeneity

The term dimensional homogeneity means that in an equation, the dimensions of each term on both sides are equal, which means the dimensions of the left-hand side (LHS) of an equation are similar to the dimensions of the right-hand side (RHS). For a dimensionally homogeneous equation, the powers of fundamental dimensions will be identical on both sides of the equation.

Question

2. A backhoe loader is purchased with an amount of P 2,800,000.00 by a contractor. The
manufacturer explained that the said equipment has an estimated 10 years of useful life and a
salvage value of P 125,000.00. Determine its depreciation and book value for each year using the
Straight Line Method.
Year
0
1
2
3
4
5
6
7
8
Book Value
P 0.00
Depreciation per
year
℗ 0.00
Book Value at
the end of the
Year
$ 2,800,000.00

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.

Similar questions

Urgent please Use straight line method
EROR Homewerk ENGR-14O WEEK 6 MARR = 30 %. Using IrUr, Show your work ard make a recomendation. Both options have vsefl laves of 3 yrs. Draw 3 CFDS to receive full credit. Use i- 20% and i- 4070 in your andysis A B. $140 Frst Cust $100 Cost e yr 3 $100 $0 10
I need the answer as soon as possible
A civil engineer bought a crane for erecting tall buildings. It was invoiced from Japan (Cost,Insurance, freight) to Manila ay P 60, 000. Brokerage, custom’s, permits and etc. total P 120,000. At the end of10 years, he expects to sell it for P 70,000. Tabulate and determine the depreciation charge during the 4th year andthe book value at the end of 6th year(show solution at these years) using the following: Show solutions for the first 2 yrs
Please hand calculation
A heavy equipment has been newly purchased by ML Bangbang Construction. The said equipment originally cost P65,000. It also costs the dealer P2,000 to transport the unit to the contractor's site. Another P3,000 have been added for the installation of the equipment. A. Determine the annual cost of depreciation using Straight Line and Sinking Fund method if the equipment life is expected to reach 10 years and have a salvage value of P5,000. Assume a fund with a compound interest rate of 5%.B. Determine the depreciation amount at year 7 using Declining Balance, Double Declining Balance, and SYD Method.
A mechanical engineer bought an equipment for $500,000.00 and the same has an economic life of 5 years, and with a salvage value of $100,000.00. Construct a depreciation table. What was the depreciation during 5th yr and the book value at the end of 5th year? Explain your answer. (Use double declining balance method).
Given the following data for a construction equipment: Initial cost = P 1,200,000.00; Economic Life = 12 years; Estimated salvage value = P 320,000.00. (a) What is the book value after seven years? (b) What is the depreciation charge on the 4th year? (c) What is the total depreciation charge at the end of the 10th year?
SUBJECT: ENGINEERING ECONOMYTOPIC: DEPRECIATION SHOW THE COMPLETE AND DETAILED SOLUTION OF THIS PROBLEM. THANK YOU EXPERTS. D) A radio service panel truck initially costs P560,000. Its resale value at the end of the 5th year of the useful life is estimated at P150,000. Determine the depreciation charge for the first year using the declining balance method.
3. On January 1 of 2017, your company purchased the following equipment. How much will you depreciate for the fiscal year ending in 2020 when you have your CPA (certified public accountant) file your tax return on April 15, 2021 assuming a straight-line depreciation method? How much will you have depreciated total as of this point in time? What are the remaining book values for each piece of equipment? 1. Dump truck, 1,000,000 birr expected resale value of 200,000 birr 2. Backhoe, 2,800,000 birr, resale 400,000 birr 3. Five computers, 10,000 birr each, no resale value 4. Flatbed trailer, 750,000 birr, resale $100,000 birr 5. Five pickup trucks, 300,000 birr each, 20,500 birr resale value each 6. Two construction jobsite trailers, 200,000 birr each, 50,000 birr resale value each
What is the company's quick ratioA. 1.79B. 1.41C. 2.06D. 1.38
And please tell what is the use of recovery time in this question whybit is given where it will be used? Need complete step by step solution.I will give upvote