An Industrial plant bought a generator set for P90,000. Other expenses including installation amounted to P10,000. The generator set is to have a life of 17 years with a salvage value at the end of life of P5,000. Determine the depreciation charge during the 13th year and the book value at the end of 13 years by sum of the year's digit method.

Q: ean purchased an appliance that costs $8,850, has a life of 10 years and a salvage value of $500.…

A: Given The initial cost of the appliance FC =$8850 Life =10 years Salvage value after 10 years =$500…

Q: A construction equipment costing 630,000 has a life of 10 years using the sum of years digit method,…

A: Salvage value refers to the value of damaged property.

Q: Equipment costs P10,000 with salvage value of P500 at the end of 10 years. Find the total…

A: Depreciation is defined as a reduction in the value of assets that occurs over time as the assets…

Q: A telephone company purchased a microwave radio equipment fo P6,000,000.00. Freight and installation…

A: Working note: Computation of total cost of equipment: Particular Calculation Amount Purchase…

Q: An equipment cost 10,000 with a salvage value of 500 at the end of 10 years. Calculate the annual…

A: * ANSWER :-  The OPTION C ( 950 ) is correct answer.   * Explanation :-  Given that, Initial cost of…

Q: A company that manufactures pulse Doppler insertion flow meters uses the Straight Line method for…

A: Depreciation is the allocation of the cost of a tangible asset over its useful life. In other words,…

Q: A piece of machinery at a maunfacturing plant has a cost basis of $50,000, and a salvage value of…

A: Salvage value is the expected book value of an asset after depreciation has been applied, depending…

Q: A certain copier machine cost P150,000 with a trade-in value of P15,000 after making 800,000 copies.…

A: According to the unit of production  based depreciation method, depreciation charge is calculated as…

Q: f the value of machinery is $50000 and the company follows the straight-line method of depreciation,…

A: Given  Value of machinery or first cost = $50000 Salvage value =$10000 Useful life of the asset=5…

Q: A machine has a first cost of P113,222.48 and has an expected salvage value after 10 years…

A: Machines and equipment lose some of their value over time due to wear and tear. Depreciation…

Q: What is the depreciation deduction dk and book value BVk, for 0 ≤ k ≤ 5, using each of the following…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subpart for you…

Q: A device costs P20,000. After 7 years, it is expected to be worth P6,000. Using the SL method, find…

A: Given: Cost of device=P 20000 Value after 7 years=P 6000

Q: A draw bench for precision forming and strengthening of carbon steel tubing has a cost of $900,000.…

A: The double-declining balance depreciation technique is a sped-up depreciation strategy that…

Q: Do an after-tax present worth analysis to determine which option is preferred.

A: Present worth analysis is an economic evaluation method that helps to determine the current worth of…

Q: What is the expected after-tax cash flow from selling a piece of equipment if TwoPlus purchases the…

A: The expected after-tax cash flow from selling the equipment is $34,778.94 (plus or minus…

Q: SUM OF THE YEAR’S DIGIT METHOD A telephone company purchased a microwave radio equipment for…

A: 1) DECLINING BALANCE METHOD DEPRECIATION RATE 12.5 % , as the asset is estimated to last for 8 years…

Q: the 50,000 from the deprecation formula, is it the annual profit or is it the salvage value?

A: First of all, we have to know the terms depreciation expense, salvage value and rate of return.…

Q: An engineering firm purchased a second hand truck for P 530,000 and paid P 15,000 for freight and…

A: Given:- Purchase price=P530,000 Freight charge(Included in purchase price)=P15,000 Life=10 years…

Q: A certain commodity is amounting P1million. Freight and installation charges amounted to 3% of the…

A: Given  Cost of commodity = 1,000,000.  Freight and installation charges = 3% of the purchased price.…

Q: A construction equipment costing 630,000 has a life of 10 years using the sum of years digit method,…

A: Given equipment cost = 630000 Time = 10 years Total depreciation value at the end of 4 year =…

Q: Find depreciation if gross value is $180 million and the net value is $77 million

A: The information being given to us is as follows:- Gross value = $180 million Net value = $77 million…

Q: A man bought a machine for $ 535705 six years ago. It has a salvage value of $ 36957 four years from…

A: We have,

Q: elivery van can be purchased for $20,000. At the end of its useful life (8 years), the van can be…

A: PW of depreciation can be described as the Present Worth of Depreciation. It is a financial concept…

Q: A man bought a machine for P935,303 which has useful life of 5 years. It has a salvage value of…

A: Given Information: Price of machine = 935,303 Salvage value = 20,000 i = 22% or 0.22 n = 5 years

Q: Savant Properties in Knoxville, TN built a shopping center at a cost $50M in year 2010. The company…

A: Depreciation is used to allocate the cost of an asset over its useful life for accounting and tax…

Q: The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of…

A: Following is the given information: First cost of machine = P1800000 Salvage value = P300000 Time =…

Q: A Cooling Tower initially costs P16,450 and has a salvage value of P880 at the end of its economic…

A: Given information Initial cost=P16450 Salvage value=P880 Life=7 year Interest rate=0.068=6.8

Q: An equipment costs #3839918 with the estimated salvage value of P541958 at the end of 7 years. What…

A: Given  The first cost of the equipment (P) =3839918 Salvage value (F)=541958 Life of the equipment…

Q: ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost…

A: Under the SYD strategy, the depreciation rate percentage for every year is determined as the…

Q: A new tablet cost $1,323 with a negligible salvage value in 3-years. Using double declining balance…

A: Given the book value = $1323 Time = 3 years

Q: A machine costs P7,000, last 8 years and has a salvage value at the end of life of P350. Determine…

A: The term depreciation implies an accounting method utilized to allocate the cost of a tangible or…

Q: A molen machine was purchased at 41000 and has an estimated economic life of 5 years with a salvage…

A: Depreciation is a lessening in the value of an asset over the long haul because of mileage, outdated…

Q: An engineer bought equipment for P500,000. He spent an additional amount of P30,000 for installation…

A: The straight-line premise is a method of computing devaluation and amortization, the most common way…

Q: A machine is purchased for P600,000 with a salvage value of P 85,000 after 25 years. What is the…

A: Machine cost = 600000 Salvage value = 85000 Life of asset = 25 years Depreciation = cost  - salvage…

Q: A certain company make it a policy that for any new equipment the annual depreciation cost should…

A: As per given information:- Depreciation method = straight line Sinking Fund Rate = Depreciation…

Q: ompany RLM purchased a machine that cost $60,000 and will last 6 years. A salvage value was not…

A: Given the information: The cost of the machine = $60000 Time period = 6 years Salvage value = zero

Q: What is the book value of equipment purchased 7 years ago for $13.587 if it is depreciated using the…

A: Sum of Years Digit Method Book value at the end of year 7 is 1482.22 $

Q: A cost of machine is P1,400,000 with a salvage value of P10,000 after 8 years. Determine the total…

A: Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life…

Q: An energy production company has the following information regarding the acquisition of new gas-…

A: Introduction: An energy production company has the following information

Q: compute the book values of $12,000 asset over a seven year life, with declining balanece…

A: Declining Balance Depreciation method is where larger depreciation expenses are recorded during the…