Engineering Economy
16th Edition
ISBN: 9780133582819
Author: Sullivan
Publisher: DGTL BNCOM
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Chapter 7, Problem 61FE
To determine
Calculate the
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A company bought equipment worth $53,000 and paid $1,500 for freight and delivery charges to the site. The equipment has a useful life of 10 years with a salvage value of $5,000 at the end of life. Assuming interest is 6%, determine the annual depreciation cost by sinking fund method.
a. $ 3,748.65
b. $3,755.46
c. $ 3,724. 83
d. $3,713.92
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Chapter 7 Solutions
Engineering Economy
Ch. 7 - How are depreciation deductions different from...Ch. 7 - Prob. 2PCh. 7 - Explain the difference between real and personal...Ch. 7 - Prob. 4PCh. 7 - Prob. 5PCh. 7 - Prob. 6PCh. 7 - Prob. 7PCh. 7 - Prob. 8PCh. 7 - Prob. 9PCh. 7 - Prob. 10P
Ch. 7 - Prob. 11PCh. 7 - Prob. 12PCh. 7 - Prob. 13PCh. 7 - Prob. 14PCh. 7 - A manufacturer of aerospace products purchased...Ch. 7 - Prob. 16PCh. 7 - Prob. 17PCh. 7 - Prob. 18PCh. 7 - Prob. 19PCh. 7 - Prob. 20PCh. 7 - Prob. 21PCh. 7 - Prob. 22PCh. 7 - Prob. 23PCh. 7 - Prob. 24PCh. 7 - Prob. 25PCh. 7 - Prob. 26PCh. 7 - Prob. 27PCh. 7 - Prob. 28PCh. 7 - Prob. 29PCh. 7 - Prob. 30PCh. 7 - Prob. 31PCh. 7 - Prob. 32PCh. 7 - Prob. 33PCh. 7 - Prob. 34PCh. 7 - Prob. 35PCh. 7 - Prob. 36PCh. 7 - Prob. 37PCh. 7 - Prob. 38PCh. 7 - Prob. 39PCh. 7 - Prob. 40PCh. 7 - Prob. 41PCh. 7 - Prob. 42PCh. 7 - Prob. 43PCh. 7 - Prob. 44PCh. 7 - Prob. 45PCh. 7 - Prob. 46PCh. 7 - Prob. 47PCh. 7 - Prob. 48PCh. 7 - Prob. 49PCh. 7 - Prob. 50PCh. 7 - Prob. 51PCh. 7 - Prob. 52PCh. 7 - Determine the after-tax yield (i.e., IRR on the...Ch. 7 - A 529-state-approved Individual Retirement Account...Ch. 7 - Prob. 55PCh. 7 - Prob. 56PCh. 7 - Prob. 57SECh. 7 - Prob. 58SECh. 7 - Prob. 59SECh. 7 - Prob. 60SECh. 7 - Prob. 61FECh. 7 - Prob. 62FECh. 7 - Prob. 63FECh. 7 - Prob. 64FECh. 7 - Prob. 65FECh. 7 - Prob. 66FECh. 7 - Prob. 67FECh. 7 - Prob. 68FECh. 7 - Prob. 69FECh. 7 - Prob. 70FECh. 7 - Prob. 71FECh. 7 - Prob. 72FECh. 7 - Prob. 73FECh. 7 - Prob. 74FECh. 7 - Prob. 75FECh. 7 - If the federal income tax rate is 35% and the...Ch. 7 - Prob. 77FECh. 7 - Prob. 78FECh. 7 - Prob. 79FECh. 7 - Prob. 80FECh. 7 - Prob. 81FECh. 7 - Prob. 82FECh. 7 - Prob. 83FECh. 7 - Prob. 84FE
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- An asset with a cost of $100,000 and accumulated depreciation of $80,000 is sold for $8000.What is the amount of the gain or loss on disposal of the plant asset?arrow_forward6.arrow_forwardWhich of the following is (are) required to calculate MACRSGDS depreciation deductions? I. Property Class II. Salvage Value III. First Cost IV. Annual Maintenance Costs a. I and III only b. II and III only c. I, II, and III d. I, II, III, and IV.arrow_forward
- The cost of a depreciable asset is equal to: a. purchase cost + costs attributable to put the asset for use b. current market price of the asset c. only purchase cost of the asset d. purchase cost + estimated salvage or residual valuearrow_forward4. A firm purchased $120,000 worth of light general- purpose trucks. The operations of the trucks lead to annual income of $50,000 for years 1~4. These trucks were then sold for $20,000 at the end of year 4. Assume a 36% combined tax rate. With a 40% bonus depreciation plus MACRS depreciation, do the following. a) Calculate the before-tax IRR. (b) Calculate the after-tax IRR.arrow_forward1. A company purchases an asset for P10,000 and plans to keep it for 20 years. If the salvage value is zero at the end of 20th year. What is the depreciation in the 3rd year using the SYD method? (10 Points) 937 1,000 747 857arrow_forward
- 4. New equipment used in construction with a cost basis of $60,000 with a zero salvage value at the end of its useful life of 6 years. Use the Double Declining method to calculate the depreciation charge in year 4. $7,494 $2,633.75 $5,925.93 $10,000arrow_forward8. An equipment cost P 56,000. Its resale value at the end of the 5th year is P 15,000,00. Using Declining Balance Method, determine the depreciation charge for the 2nd year. Ans. P.9,977.86arrow_forwardDoes the inclusion of a depreciation expense reflect the true cost of doing business?arrow_forward
- Please answer fast please arjent help please answerarrow_forwarddo fastarrow_forwardUsing the double declining balance depreciation method for an asset purchased at the start of 1019 w/an annual cost of $85,000, a salvage value of $2,500, and a depreciable life of 12 years, the book value at the end of 2023 is most nearly waht amount? a. $40,990 b. $36,238 c. $34,160 d. 28,500 e. $23,720 Please use excel and show formulas.arrow_forward
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