What's the depreciation expense based on the information below? Depreciation (percent of sales) 4% Revenues Gross profit PP&E a. 1,000 b. 2,600 c. 1,600 d. 2,400 60,000 25,000 40,000
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- Note: Double Declining Balance = 200% Declining Balance A. How much is the depreciation for year 3? Select one: o a. P158,203.13 o b. P150,000 o c. P210,937.50 o d. P187,500 В. How much is the total depreciation as of year three using DDB method? C. What is the equipment's book value at the end of year three?Calculate EBITDA I calculated $6,750,000 but I also calculated 6,507,692 - which one is correct? Operating costs (excl. depreciations & amortization): $4.5mDepreciation and amortization: $1.5mInterest: $0.7mNet Income: $2.8mTax Rate: 35%cost and subsequently measured, using either the cost model 7. The resulting revaluation surplus, gross of tax, is P80K. 9. The P80K revaluation gain is recognized in profit or loss. 1. PAS 16 defines depreciation as “the decrease in the value of ar An item of PPE with a carrying amount of P120K is revalued to its 8. All the other items within the class of PPE to which the Disposal costs of P10K were incurred. The loss on the disposal 10. A PPE with a carrying amount of P200K is sold for P180K. 2. According to PAS 16, items of PPE are initially measured at PROBLEM 1: TRUE OR FALSE i PAS 16 defines depreciation as "the decrease in the value 2. According to PAS 16, items of PPE are initially measured cost and subsequently measured, using either the cost modal asset." or the fair value model. 3. An entity acquires an asset for P120K. The asset is estimated to have a useful life of 10 years and a residual value of P20K. The straight line depreciation rate based on depreciable amount is…
- Need to solve for depreciation, to get earnings before interest & taxes. Use the following info below: Yr 0 Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Terminal Sales Units 492,236 534,175 579,686 629,075 682,673 711,755 742,075 773,688 806,647 841,010 864,979 Unit Price $ 329.00 $ 344.04 $ 359.76 $ 376.20 $ 393.39 $ 402.24 $ 411.29 $ 420.55 $ 430.01 $ 439.68 $ 449.58 Sales Revenue $ 161,945,644.00 $ 183,774,886.84 $ 208,546,572.77 $ 236,657,324.43 $ 268,557,226.62 $ 286,297,714.18 $ 305,210,111.73 $ 325,371,833.89 $ 346,865,409.18 $ 369,778,817.81 $ 388,874,658.19 VC per unit $ 156.00 $ 161.05 $ 166.27 $ 171.66 $ 177.22 $ 185.94 $…How did you find the depreciation rate to be 16.67%A fixed asset with a cost of $31,021 and accumulated depreciation of $27,918.90 is sold for $5,273.57. What is the amount of the gain or loss on disposal of the fixed asset? Oa. S2,171.47 loss Ob. $3,102.10 loss Oc. S2,171.47 gain Od. S3,102.10 gain
- Give step by step calculation for this accounting question4-In verzical analy sis the base amount for depreciation expense is Jenerally: (b)depleciation expense in a Previous Yyear. (6)het sales C) gross Profft. (d)fiXed assets.Question When computing depreciation expence of PE bo g toutle-decing e depreciation method produce the seme OA aual book vatue of the asset OR lotal depreciation expecse over the assets usetul e Oc amnua depreciation expense of the assat. OD. annual tax paid. MacBookk Pro