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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- An equipment costing Php 750,000 has a life expectancy of 6 years. Using the sum-of-the–year’s digit method of depreciation, what must be its salvage value such that its depreciation charge at the fourth year is Php 50,000? Solve show solution.Engineering Economics problem. Help me for the solutionWhat 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