Equipment Less accumulated depreciation.. $26,000 900 25,100 OR Book Value Equipment, net.. $25,100
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- Note: Double Declining Balance = 200% Declining Balance A. How much is the depreciation for year 3? Select one: o a. P158,203.13 o b. P150,000 o c. P210,937.50 o d. P187,500 В. How much is the total depreciation as of year three using DDB method? C. What is the equipment's book value at the end of year three?Asset Cost SalvageValue Units ofUseful Life Depreciationper Unit ($) Automobile $27,500 $3,500 40,000 miles $ what is the depreciationA fixed asset with a cost of $25,104 and accumulated depreciation of $22,593.60 is sold for $4,267.68. What is the amount of the gain or loss on disposal of the fixed asset? a.$1,757.28 gain b.$2,510.40 loss c.$1,757.28 loss d.$2,510.40 gain
- You purchased a piece of equipment that cost 129,250.00The expected useful life is 6.00 The estimated salvage value is 12,250.00Estimated units of production are 175,500.00Year Units Produced1 35,000.002 35,000.003 30,000.004 30,000.005 25,000.006 25,000.00 180,000.00REQUIRED1. Compute the depreciation schedules below based on:a. Straight Lineb. Units of productionsc. Double Declining BalanceNet Salvage Value Initial Equipment Cost, $M 55.0 Depreciation, % 80.00% Current Equipment Value, $M 9.0 Marginal Tax Rate 35.00% Current Book Value, $M Profit/Loss On Sale, $M Taxes Owed (Saved) On Sale, $M After-Tax Net Salvage Value, $MUse declining balance depreciation using a rate ΕΟΥ Depreciation Deduction 0 1 2 3 4 5 6 7 8 9 $ $ LA +A $ $ LA $ $ LA $ $ $ 29.333.33 22814.81 17744.86 13801.55 EA $ $ $ LA 2677.39 10732.54 $ 8349.09 $ 6493.74 $ 5050.68 $ Unrecovered Investment $ 102,666.67 7985181 62107.00 48305.44 37570.90 29221.81 22728.07 17677.39 15000.00 Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is ±10.
- Loss of 21300 is incurreed in selling (for cash) office qeuipment that cost 89000 and had accumulated depreciation of 22200, actual cash proceedsmust have been 1. 67700 2.88100 3.66800 4. 45500AMSUNG 0.55 0.61 0.08 Fixed assets was 500000, cumulative depreciation 100000, total assets was 800000 The- common size would be 0.625 0.41 0.50 5:52 No one of them.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
- How much is the yearly depreciation using the straight line method A 950,400 B 936,000 C 860,400 D 846,000 Using the sum years of digits method, how much is the depreciation for the first year? A 1,560.000 B 1,584.000 C 1,410.000 D 1,434.000On January 1, 2025, Pharoah Company purchased a machine costing $356000. The machine is in the MACRS 5-year recovery class for tax purposes and has an estimated $71000 salvage value at the end of its economic life. Assuming the company uses the general MACRS approach, the MACRS deduction for tax purposes for the year 2025 is Recovery Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 MACRS Depreciation Rates By Class of Property 10-Year (200% DB) 3-Year 5-Year 7-Year (200% DB) (200% DB) (200% DB) 33.33 44.45 14.81* 7.41 20.00 32.00 19.20 11.52* 5.76 14.29 24.49 17.49 12.49 8.93* 8.92 8.93 4.46 10.00 18.00 14.40 11.52 9.22 7.37 6.55* 6.55 6.56 6.55 3.28 15-Year (150% DB) 5.00 9.50 8.55 7.70 6.93 6.23 5.90* 5.90 5.91 5.90 5.91 5.90 5.91 5.90 20-Year (150% DB) 3.750 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462* 4.461 4.462 4.461 4.462 4.461 SUPPORTA fixed asset with a cost of $26,000 and accumulated depreciation of $23,400 is sold for $4,420. What is the amount of the gain or loss on the sale of the fixed asset? Oa. $2,600 loss Ob. $2,600 gain Oc. $1.820 loss Od. $1,820 gain Previous Next 7:04 PM 12/11/2020 18 a
