John bought a machine set for P90,000. Other expenses including installation amounted to P10,000. The machine set is to have a life of 17 years with a salvage value of P5,000. Determine the depreciation charge during the 13th year and the book value at the end of 13 years by a.) Declining balance method b.) Double declining balance method c.) Sinking fund method at 12% d.) Sum-of-the-years-digit method

Q: Performing replacement studies requires knowledge of the depreciation schedule and of taxable e…

A: Knowledge of depreciation schedule and taxable gains or losses on disposal is required while…

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: 1. A company purchases an asset for P10,000 and plans to keep it for 20 years. If the salvage value…

A: Given, A company purchased an Asset = 10000 the Asset i keep for 20 years the salvage The value = 0…

Q: A contractor imported a bulldozer for his job, paying Ph 250000 to the manufacturer. Freight and…

A: Here is a wide range of shows that are intended to match deals and costs to the period in which they…

Q: 1.A machine is costing P54,000 is estimated life to have a book value of P5,050 when retired at the…

A:

Q: Given:  Desk purchased January 10 for $3,000; 8-year useful life; $600 salvage value.  Calculate…

A: Given  Purchasing price or basis (B) =$3000 Useful life =8 year Salvage value =$600 Depreciation…

Q: 0,000.00 will be retired at the end of 8 years. Depreciation cost is computed using a constant…

A: First Cost=P 60,000.00  Life=8 years Depreciation method: declining book value Annual rate of…

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: For the first to use calculate the

A:

Q: 12. A video-recording system was purchased 3 years ago at a cost of $39,000. A 5-year recovery…

A: The double declining balance method (DDB) describes an approach to accounting for the depreciation…

Q: 2. An asset is purchased for $500,000. The salvage value in 25 years is $100,000 and the Straight…

A: Value of an asset=$500,000Salvage value in 25 years=$100,000Thus,Value depreciated in 25…

Q: 1. A machine costs P7,000.00, last 8 years and has a salvage value at the end of life of P350.00.…

A: Disclaimer:- as you posted multipart  questions we are supposed to solve the first 3 questions only…

Q: 2. A manufacturing company purchased an equipment for methods improvement for P 53,000. Paid P 1,500…

A: The value of an asset depreciates over time due to use, deterioration, or obsolescence. This…

Q: An engineer bought an equipment for 500,000. He spent an additional amount of 35,000 for…

A: The cost of the equipment =500,000 Additional amount spend for installation = 35000 Estimated…

Q: Major medical complexes and their service providers continue to move toward advanced health…

A: The ordinary depreciation strategy is doubled by the double falling balance depreciation method,…

Q: condensing unit was bought at 50,000 having a useful life of 5 years and a salvage value of 10,000,…

A: Straight line premise is a technique for computing depreciation and amortization, the most common…

Q: Q1/ Purchased price mechanism of ($130,000), and an estimated economic life (8) years estimated…

A: Calculation of depreciation during second year and fifth year and book value during fourth year and…

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: Margaret has invested in a project that will cost $17000 upfront and will provide annual revenue of…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

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 has an initial cost of P50,000 and a salvage value of P10,000 after 10 years. What is the…

A: Given; Initial cost of machine= P50000 Salvage value= P10000 Life= 10 years

Q: 2. An asset purchased for $50,000 has a depreciable life of 5 years, and it has a terminal book…

A: Here we calculate the asset book value at the end of year 3 by using the given direction , so the…

Q: alo

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: 2 3 4 5 What is the unit-of-production (UOP) depreciation schedule? Year 1 Year 2 Year 3 8,000…

A: First cost of the equipment FC= $900,000 Salvage value of the equipment F after 40,000 m3 of sand…

Q: A machine was purchased for Rupees 1,00,000, the estimated useful life of which is 8 years. The…

A: The written Down Value (WDV) method is a depreciation technique that applies a constant depreciation…

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

A: The declining balance method, also known as the reducing balance method or the accelerated…

Q: 41. An equipment costs P100,000.00 and the salvage value is 15% of the original cost after 25 years.…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Give 3 difference between depreciation and capital loss

A: Though, both depreciation and capital loss are in kind some type of losses but they differ in…

Q: 10. If the depreciable cost of an asset is 16,000 and it has a useful life of 8 years, what is the…

A: Given data: Depreciation cost of asset is 16000. Useful life is 8 years.

Q: Y=500TL, c=% 80.and Co=30 TL What. 3s the cousumption.expendidure?

A: Given information: Y = 500 TL C0=30TL c = 80% = 0.8 (MPC)

Q: 41. An equipment costs P100,000.00 and the salvage value is 15% of the origina cost after 25 years.…

A: Since you have posted multiple questions as per the guidelines we can solve only one question per…

Q: What is the machine’s book value after 5 years of depreciation? If the machine is sold for $20,000…

A: Straight-line depreciation is the most commonly used and straightforward depreciation method for…

Q: A manufacturing company purchased an equipment for methods improvement for P 53,000. Paid P 1,500…

A: Sinking fund: An account with money set aside to pay off a bond or debt is called a sinking fund.…

Q: An asset with a cost of $100,000 and accumulated depreciation of $80,000 is sold for $8000. What is…

A: Introduction: Gain & Loss: The gain arises from the sale of an asset when the asset is sold at a…

Q: A company purchased a heavy equipment for P6,000,000. Freight and installation charges amounted to…

A: The regular annual rate at which depreciation is applied to a fixed asset is known as annual…

Q: A machine has a first cost of P36,000 and a salvage value ofP4,000 after 8 years. Find the annual…

A: Depreciation refers to the decrease in the value of fixed assets due to normal wear and tear over a…

Q: You are evaluating two different silicon wafer milling machines. The Techron I costs $264,000, has a…

A: Equivalent annual cost is the method that can be used for evaluting two investment projects with…

Q: Desk purchased January 12 for $2,000; 8-year useful life; $600 salvage value.  Calculate…

A: Purchasing price or basis (B) = 2000 Useful life =8 year Salvage value =$600 Depreciation method=…

Q: Depreciation can be applied to machinery, equipment, vehicles, telephone, computers, furniture.…

A: Every resource that a company or financial organization owns or controls is referred to  an asset.…

Q: 2. Momhil Inc. bought a professional coffee machine costing 2100,000.00.0ver its useful life it is…

A: