What is the amount of straight-line depreciation for year 3 if a machine has: ⚫ Purchase price of $75,000 ⚫ Salvage value of $5,000 • Useful life of 10 years?
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- Engineering Economics problem. Help me for the solutionWhat 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?What is the average amount invested in a machine during its predicted five-year life if it costs $200,000 and has a $20,000 salvage value? Assume that net income is received evenly throughout each year and straight-line depreciation is used.
- H3. Show proper step by step calculationA machine has an initial cost of P50,000 and a salvage value of P10,000 after 10 years. What is the book value after 5 years of using straight line depreciation? (15 points) Formulas: a) Depreciation Expense = (Cost – Salvage value) / Useful life b) Book Value at the end of 5th year = Cost – depreciation cost for 5 yearsGive me right solution according to the question
- Problem 1. a:Consider the following data on an asset: Cost of the asset, I Useful life, N Salvage value, S $130,000 5 years $5,000 Compute the annual depreciation allowance using the straight-line depreciation method.Choose the right answer of the followingAn asset cost $200,000. It has a salvage value of $40,000. It has a 10 year life. What would accumulated depreciation be at the end of three years assuming straight line depreciation? Group of answer choices $60,000 $40,000 $48,000 $160,000