Equipment acquired Treadway manufacturing machinery at the beginning of the year at a cost of $86,000. The machinery has an estimated residual value of $5,500 and an estimated useful life of 5 years. Determine the second-year depreciation using the straight-line method.
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- A draw bench for precision forming and strengthening of carbon steel tubing has a cost of $1,110,000. It will have a salvage value of $76,000 after a useful life of 10 years. Part a Using the formulas, determine the depreciation charge for year 8 and the book value at the end of year 8 if straight-line depreciation is used. Depreciation charge: Book value: $ $Freeport-McMoRan Copper and Gold has purchased a new ore grading unit for $80,000. The unit has an anticipated life of 10 years and a salvage value of $ 10,000. Use the DB and DDB methods to compare the schedule of depreciation and book values for each year. Solve by hand and by spreadsheet.A surface mount PCB placement/soldering line is to be installed for $1,400,000. It will have a salvage value of $70,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using declining balance depreciation using double declining balance switching to straight line depreciation. ΕΟΥ 0 1 2 3 4 5 Sum depreciation Depreciation Balance
- A machine has a first cost of Php 13,000.,an estimate life of 15 years, and anestimated salvage value of Php 1,000. Using SLM, find a) the annualdepreciation charged. b) the annual depreciation rate expressed aspercentage of the first cost c) the book value at the end of 9 years.An assembly line conveyor system with a 5-year life is to be depreciated by the DDB method. The conveyor units had a first cost of $30,000 with a$9000 salvage value. The annual operating cost allocated to the conveyor is $7000 per year. The book value at the end of year 2 is closest to:a. $6,480b. $10,800c. $12,400d. $18,000A surface mount PCB placement/soldering line is to be installed for $1,000,000. It will have a salvage value of $90,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using declining balance depreciation using double declining balance switching to straight line depreciation. EOY Depreciation Balance 1 3 4 Sum depreciation Round entry to two decimal places. The tolerance is ±10.
- Copy equipment was acquired at the beginning of the year at a cost of $38,660 that has an estimated residual value of $3,500 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,172,000 copies. This year, 270,000 copies were made. a. Determine the depreciable cost. b. Determine the depreciation rate. Round your answer to two decimal places. per copy c. Determine the units-of-output depreciation for the year. Previous NextA) Calculate the SYD depreciation charges for year 2 for electro-optics equipment with B = 25,000SR, S = 4000SR, and an 8-year recovery period. B) An asset has a first cost of 100,000SR with 20,000SR salvage value after 5 years: Calculate the annual depreciation and compute the book value of the asset by the end of each year using straight line depreciation.A surface mount PCB placement/soldering line is to be installed for $1,800,000. It will have a salvage value of $90,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset’s life. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset’s life using declining balance depreciation using double declining balance switching to straight line depreciation.
- Please show all your workA piece of equipment is purchased for $110,000 and has an estimated salvage value of $10,000 at the end of the recovery period. Prepare a depreciation schedule for the piece of equipment using the sum-of-the-years method with a recovery period of seven years. Please answer in excel with each cells formula.A tractor costs $25,020, has an expected life of 12 years, and has a salvage value of $2,700. Use straight-line depreciation to find the yearly depreciation. Make a depreciation schedule for the first three years' depreciation. Complete the table. Year Depreciation 1 2 3 $ $ Accumulated depreciation $ $ $ End-of-year book value $ $ $ . ...
