What is the amount of straight-line depreciation for year 2 if the useful life of an asset is 5 years, the purchase price is $40000, and the salvage value is $2000?
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- Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the purchase of the printer impacts not only depreciation expense each year but also the assets book value. What amount will be recorded as depreciation expense each year, and what will the book value be at the end of each year after depreciation is recorded?Suppose you purchase a tangible asset with a book value of $700,000. The salvage value is $ 100,000. The useful life of the asset is 30 years. How much accumulated depreciation will there be (assume that you're using the "straight line" amortization method) after 10 years?What is the value of an asset after 8 years of use if it depreciates from its original value of 120,000 to its salvage value of 3% in 12 years?
- 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 new piece of equipment, with a life of eight years, costs $12000 to purchase. The end of life salvage value is $2000. What is the annual decrease in value with straight line (SL) depreciation?An asset is considering the purchase of a new equipment. This equipment will cost $100,000 and will be depreciated using an MACRS GDS recovery period of 7 years. The equipment is expected to have a market value of $40,000 at the end of its estimated 8-year life. What is the depreciation amount on the second year? What is the Book Value at the end of the 3rd year? Assume that the asset will be disposed of in year 3.
- the first cost of a machine is 50,000 and if has a depreciation of 4,500 per year. if the salvage value at the end of 10 years is 5000, the book value at the end of 5 years is?A company purchases an asset for P 10,000.00 and plans to keep it for 20 years. If the salvage value is zero at the end of 20 year, what is the depreciation in the third year? Use SYD method.What will be the asset's annual depreciation on this general accounting question?
- What will be the assets annual depreciation?Consider an asset with a cost basis of $10,000 that has been depreciated using 100% bonus depreciation. What is the gain or loss if the asset is disposed of after 5 years of operation for (a) $7000, (b) $0, and (c) a cost of $2000?What is the capitalized cost of an asset that has a purchasing cost of P500,000.00 and needs a yearly upgrading cost of P8,000.00 for the first 5 years and P10,000.00 after. Also it needs a modification cost of P11,434,000.00 every 10 years. The life of the asset is 20 years with no salvage value. What is the present worth in pesos needed to operate this asset and if money is worth 0.1 per annum?
