What is the book value of electronic test equipment after 8 years of use if it depreciates from its original value of P120,000 to its salvage value of 13% in 12 years? Use DBM.
Q: A)What is the book value at the end of year eight? A)The book value at the end of year eight is…
A: 200% declining balance or double declining balance is a method of depreciation under which…
Q: 2. An electronic computer was purchased by a company for $90,000 and is assumed to have a salvage…
A: Electronic Computer = $90,000 SAlvage Value = $10,000 Years = 10 Depreciation each year = [Cost -…
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A: Given: Cost of asset = $35,000 Life = 7 years
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Q: Using Declining Balance Method, a machine with an initial cost of $200,000 and a life of 10 years.
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A: Purchase Cost of Equipment P8,70,000.00 Less: Salvage Value P90,000.00 Depreciable Value…
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Q: What is the value of an asset after 8 years of use if it depreciates from its original value of P…
A: Working note: Computation of annual depreciation as per straight line method: Annual…
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A: Depreciation per year = (Initial cost - Salvage value) / Useful life Depreciation per year =…
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A: Lets understand the basics. Depreciation is a reduction in value of asset due to wear and tear,…
Q: What is the value of an asset after 8 years of use if it depreciates from its original value of…
A: Salvage value = 120,000 x 3% = 3,600 Annual depreciation using straight line method = (Cost -…
Q: A new barcode reading device has an installed cost basis of $20,670and an estimated service life of…
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A: Formula: Rate of DDB Depreciation= 100%Usefull Life×2 Given: CNC machine $35,000 Service life 7…
Q: What is the value of an asset after 8 years of use if it depreciates from its original value of…
A:
Q: Anew barcode reading device has an installed cost basis of $21,700 and an estimated service life of…
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A: Manu Thanks for the Question Bartleby's Guideline: “Since you have asked multiple question, we will…
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A: Depreciation refers to the decrease in the value of an asset over time due to various factors such…
Q: ASAP. THANK YOU! A. A machine costs P388868 with a salvage value of P18029 is expected to last for…
A: Depreciation :— It is the allocation of depreciable cost over the expected life of asset.…
Q: A new barcode reading device has an installed cost basis of $22,820 and an estimated service life of…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. Depreciation…
What is the book value of electronic test equipment after 8 years of use if it
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- What is the value of an asset after 8 years of use if it depreciates from its original value of P105,000 to its salvage value of 3% in 12 years using SLM?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?
- An automated assembly robot that cost $400,000 has a depreciable life of five years with a $100,000 salvage value. If the MACRS depreciation rates for years 1, 2, and 3 are 20.00, 32.00, and 19.20%, respectively, what is the book valueof the robot at the end of year three?An automated assembly robot that cost $300,000 has a recovery period of five years with an expected $50,000 salvage value. If the MACRS depreciation rates for years 1, 2, and 3 are 20.0%, 32.0%, and 19.2%, respectively, what is the depreciation recapture, capital gain, or capital loss, provided the robot was sold after 3 years for $80,000?A new barcode reading device has an installed cost basis of $21,490 and an estimated service life of eight years. It wilI have a zero salvage value at that time. The 200% declining balance method is used to depreciate this asset. a. What will the depreciation charge be in year eight? b. What is the book value at the end of year seven? c What is the gain (or loss) on the disposal of the device if it is sold for $2,400 after seven years? a. The depreciation charge in year eight will be $ (Round to the nearest dollar.) b The book value at the end of year seven is S. (Round to the nearest dollar.) c The on the disposal of the device ifit is sold for $2,400 after seven years is S. (Round to the nearest dollar.) loss gain
- A new barcode reading device has an installed cost basis of $22,820 and an estimated service life of nine years. It will have a zero salvage value at that time. The 150% declining balance method is used to depreciate this asset. a. What will the depreciation charge be in year nine? b. What is the book value at the end of year eight? c. What is the gain (or loss) on the disposal of the device if it is sold for $3,200 after eight years? a. The depreciation charge in year nine will be $. (Round to the nearest dollar.)Using Declining Balance Method, a machine with an initial cost of $200,000 and a life of 10 years. What must be the minimal salvage value, usch that its book value after 5 years does not fall below $10,000? Show complete solution.A new barcode reading device has an installed cost basis of $20,670and an estimated service life of seven years. It will have a zero salvage value at that time. The 200% declining balance method is used to depreciate this asset. a. What will the depreciation charge be in year seven? b. What is the book value at the end of year six? c. What is the gain (or loss) on the disposal of the device if it is sold for $1,000 after six years? a. The depreciation charge in year seven will be ... nothing. b. The book value at the end of year six is ... nothing. c. The ... loss gain on the disposal of the device if it is sold for $1,000 after six years is .. nothing.
- A new barcode reading device has an installed cost basis of $24,750 and an estimated service life of seven years. It will have a zero salvage value at that time. The 200% declining balance method is used to depreciate this asset. Solve, a. What will the depreciation charge be in year seven? b. What is the book value at the end of year six? c. What is the gain (or loss) on the disposal of the device if it is sold for $800 after six years?If an asset book-depreciates by the DDB method over a 10-year period, how long will it take to reach its salvage value if the estimated salvage is 20% of the first cost? Remember, assets can continue to depreciate after they have reached their salvage value.A new barcode reading device has an installed cost basis of $21,700 and an estimated service life of seven years. It will have a zero salvage value at that time. The 200% declining balance method is used to depreciate this asset a. What will the depreciation charge be in year seven? b What is the book value at the end of year six? c What is the gain (or loss) on the disposal of the device if it is sold for $3,000 after six years? a. The depreciation charge in year seven will be (Round to the nearest dollar.) b The book value at the end of year six is $ (Round to the nearest dollar.) c The on the disposal of the device if it is sold for $3,000 after six years is $1. (Round to the nearest dollar.) gain loss