An equipment was bought at a cost of P 200,000 with an estimated life of 20 years. It had an income of P 60,000 annually. The equipment has a salvage value of P 30, 000. The payback period is 5 years. Calculate the monthly expenses. Use straight line method.

George Company has the opportunity to purchase an asset that costs $40,000. The asset is expected to increase net income by $10,000 per year. Depreciation expense will be $5,000 per year. Based on this information the payback period is:                           A) 4 years.                           B) 2.5 years.                           C) 2.67 years.                           D) 8 years.

The table given below lists the relevant cost items for a specific system purchase. The operating expenses for the new system are $10,000 per year, and the useful life of the system is expected to be five years. The salvage value for depreciation purposes is equal to 25% of the hardware cost. Cost Item Cost Hardware $160,000 Training $15,000 Installation $15,000 a) What is the Book Value (BV) of the device at the end of year three if the Straight Line (SL) depreciation method is used? b) Suppose that after depreciating the device for two years with the SL method, the firm decides to switch to the double declining balance depreciation method for the remainder of the device's life (the remaining three years). What is the device's BV at the end of four years?

The machine cost 20,000 pesos with a useful life of 10 years. If the book value at the end of 6th year is 9,280 pesos and worth of money is 3% annually. Determine the salvage valye by sinking fund method of depreciation.

A machine’s first cost is $60,000 with salvage values over the next 5 years of are $50K, $40K, $32K, $25K, and $12K. The annual operating and maintenance costs are the same every year. Determine the machine total cost.

You have bought an asset which costs $15,000. You depreciate it using the Straight Line Depreciation method. If salvage value for the asset is $3,000, and the asset’s useful life is 3 years, what is the annual depreciation?

A copying machine costs P 40,000, has a life of 4 years with a salvage value of P 5,000.  The following are the production output of this machine in number of copies: For the first year, 1800 copies, second year, 2200 copies, third year, 3000 copies, and fourth year, 4000 copies.  What is the depreciation charge in the second year?

The boiler in a steam power plant costs P 20,000,000 and has a salvage value of P 950,000 at the end of 25 years. Determine the annual depreciation of the equipment using the Straight-line method and Sinking fund method at 6% compound interest annually.