An equipment has an initial cost of 20,000 and a salvage value of 5,000 after 12 years. Find the book value after 7 years using straight line depreciation.
Q: An asset costing $20,000 has estimated useful life of 5 years and salvage value of $4,500. Calculate…
A: >Accounting principle states that the cost of the long term assets (like equipment) is to be…
Q: A machine having a certain first cost FC has a life of 10 years and a salvage value of 6% of the…
A: Let the first cost be x Salvage value (SV) = 0.06 Life (n) = 10 years BV at the end of 6th year =…
Q: A piece of machinery costs $7000 and has an anticipated $1200 salvage value at the end of its…
A: Depreciation is the allocation of cost of asset over the useful life of the asset, because fixed…
Q: An equipment costing Php 750,000 has a life expectancy of 6 years. Using the sum-of-the–year’s digit…
A: Depreciation can be defined as the non-cash expense that has a major role in financial statements.…
Q: If the depreciation on year 8 is 15,282 and the book value on the same year is 424,684 and money is…
A: Depreciation: A depreciation is a non-cash expenses for the company. The depreciation expenses is…
Q: Use the double-declining-balance method to make a depreciation schedule for a piece of equipment…
A: The double declining balance method of depreciation is an accelerated method of depreciation in…
Q: A piece of certain equipment has the first cost of ₱90,000 and a salvage value of ₱4,500 at the end…
A: Under double declining Balance method, the depreciation is calculated double the rate of…
Q: A mixer was purchased for $33,000 that has an estimated salvage value of $5000 and an expected life…
A: It is given that Initial investment P = $ 33000 Salvage value S = $5000 Time n- 3 yrs Interest i =…
Q: Assets costing $ 24,000 are expected to be used for 10 years and have a salvage value of $ 4,000 at…
A: Depreciation refers to an accounting method used to allocate the cost of a tangible asset over its…
Q: The first cost of a machine is Php 1,800,000 with a salvage value of Php 400,000 at the end of its…
A: Depreciation = C × (S/C)m/n C = original cost S = scrape value n = life of property in years m =…
Q: A piece of certain equipment has the first cost of ₱90,000 and a salvage value of ₱4,500 at the end…
A: 1. Depreciation Expenses - Depreciation Expenses are the expense incurred on the wear and tear of…
Q: A machine has an initial cost of P74,777.226 and a salvage value of P8,991.127 after 7 years. What…
A: Initial cost = P 74,777.226 Salvage value = P 8991.127 Life = 7 Years Annual depreciation = (Initial…
Q: An asset is purchased is ten times its salvage value. Its estimated life is 10 years, after which it…
A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…
Q: ected salvage value of $4,500 at the end of the depreciable life. Find the yearly depreciation, Book…
A: Matheson equation refers to the method of computing the depreciation under which the annual expense…
Q: A piece of certain equipment has the first cost of ₱90,000 and a salvage value of ₱4,500 at the end…
A: Depreciation = ( Historical cost - Salvage value)/Useful life Book value = Historical cost -…
Q: A machine was purchased at an amount of 8 million dinars for the construction works, noting that the…
A: Straight-Line depreciation method : = (Value of the asset - Salvage value) / No of useful life…
Q: An equipment has an initial cost of 20,000 and a salvage value of 5,000 after 12 years. Find the…
A: solution concept Initial cost 20000 Salvage value 5000 Life 12 years Book…
Q: What is the depreciation deduction each year, using each of the methods below, for an asset that…
A: Depreciation is the reduction in the value of assets due to normal wear and tear, passage of time,…
Q: A dump truck was bought for P750,000 three years ago. It will have a salvage value of P100,000 two…
A: The question is based on the concept of Depreciation Accounting.
Q: A surface mount PCB placement/soldering line is to be installed for $1,000,000. It will have a…
A: Given: Surface mount PCB Placement value $1000,000 Salvage value $90,000 Under MARCS GDS Table,…
Q: An asset is purchased for $90,000. It is expected to have a useful life of six years and a salvage…
A: Introduction: Depreciation: Decreasing value of fixed Assets over its useful life period called as…
Q: The cost of an asset is $2,300,000 and has a useful life of 5 years. If the asset can be sold for…
A: Straight line depreciation method is a method of depreciation in which cost of asset is allocated…
Q: A certain machine has a first cost of 30,000; annual costs of 6,000; a salvage value of 4,000 and a…
A: Introduction: Depreciation is the process of allocating the asset's value over its expected or…
Q: Consider the following data on an asset: • Cost of the asset = $38,000 • Useful life = 6 years •…
A: The depreciation on an asset can be charged by using different depreciation method such as straight…
Q: An asset with a first cost of $50,000 is to be depreciated by the straight line method over a 5-year…
A:
Q: A machine has an initial cost of P110,634.945 and a salvage value of P22,728.983 after 10 years.…
A: Depreciation per year = (Initial cost - Salvage value) / Useful life Depreciation per year =…
Q: A machine cost 75,000 and the salvage value is 15,000 after 15 years. Find, a) the depreciation by…
A: Cost of Machinery = 75,000 Salvage Value = 15,000 Note: Since, you have posted a question with…
Q: An asset with unknown first cost value is depreciated by the straight-line method over its five year…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: A certain equipment has a first cost of P 12,000 and a salvage value of P 500 at the end of x years.…
A: Equipment cost = P 12,000 Salvage value = P 500 Annual depreciation = P 1,437.5 Life = x
Q: Your company is considering the purchase of a machine at a cost of P1,261,652, with an estimated…
A: Introduction:- Depreciation is a non cash expenses. Depreciation is charged on fixed asset over a…
Q: A machine cost RO 50,000 and its estimated salvage value is RO 5000 and its expected life is eight…
A: Given Cost = RO 50,000 Salvage Value = RO 5000
Q: depreciation charge and its book value after 10 years using straight-line method
A: Annual depreciation = (Cost of the fixed asset - Salvage value)/Useful life
Q: An equipment has an initial cost of 20,000 and a salvage value of 5,000 after 12 years. Find the…
A: Double Declining Balance Method Depreciation Rate = (100%*/ Useful life of Asset in Years)*2 =…
Q: A high-precision programmable router for shaping furniture components is purchased by Henredon for…
A: Following is the answer to given question
Q: A surface mount PCB placement/soldering line is to be installed for $1.6 million. It will have a…
A: Cost of Asset = $1.6 millon Salvage = $100,000 Years = 5 Depreciation =cost of machine - salvage /…
Q: An equipment in a power station costs Ksh.1,560,000 and has a salvage value of Ksh.60,000 at the end…
A: Given information is: An equipment in a power station costs Ksh.1,560,000 and has a salvage value of…
Q: An existing asset that cost $16,000 twoyears ago has a market value of $12,000 today, anexpected…
A: existing asset that cost $16,000 two years ago operating cost = 4000 market value = 12000 slavage…
Q: A building which was constructed for Php 1,000,000 has an estimated life of 15 years and a salvage…
A: Depreciation is a sort of outlay which has to be reported by the entity for recording the regular…
Q: A piece of equipment has a first cost of $399,000. Annual operating and maintenance cost are…
A: A depreciation is a non-cash expenses for the company. The depreciation expenses is charged because…
Q: A diesel-powered generator with a cost of $60,000 is expected to have a useful operating life of…
A: Introduction Deprecation may be defined as that type of operating expenses which occurs due to…
Q: A machine costing Rm 100,000 has a life expentancy of five years and a salvage value Rm 20,000.…
A: Annual Depreciation (straight line method) = (Cost of the assets - Residual value) / Expected life…
Q: The equipment in a power station costs 31.2 million Dinars and has a salvage value of 1.2 million…
A: The following computations are done for calculating depreciation for new equipment purchased for…
Q: Depreciable mining equipment costing $100,000 is expected to have a useful life of 120,000 units of…
A: Units of Production method Depreciation = Cost Of Asst - Salvage valueEstimated total production…
Q: The first cost of a certain machine is P20,000 with a salvage value of P1,000 at the end of its…
A:
Q: A certain machine has a first cost of 30,000; annual costs of 6,000; a salvage value of 4,000 and a…
A: Depreciation refers to the allocation of the assets value over the expected or the useful life of…
Q: Convert each of the following estimates of useful life to a straight-line depreciation rate, stated…
A: Note: First question is solved in last step :) 2 (1) The straight-line method of Depreciation: The…
Step by step
Solved in 2 steps
- A surface mount PCB placement/soldering line is to be installed for $1.6 million. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset’s life. Use straight-line depreciation.An underground rock mechanics testing device is to be double declining depreciated. It has a first cost of $25,000 and an estimated salvage of $2,500 after 12 years. (a) What is book value and market value ? (b)Calculate the depreciation and book value for years 1 and 4. (c) Calculate the implied salvage value after 12 years.A machine has a first cost of P36,000 and a salvage value ofP4,000 after 8years. Find the annual depreciation rate using straight line method.
- A surface mount PCB placement/soldering line is to be installed for $1.6 million. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset’s life. Use declining balance depreciation with a rate that ensures the book value equals the salvage value.An equipment has an initial cost of 20,000 and a salvage value of 5,000 after 12 years. Find the book value after 7 years using sum of years digit method.A surface mount PCB placement/soldering line is to be installed for $1,400,000. It will have a salvage value of $70,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using declining balance depreciation using double declining balance switching to straight line depreciation. ΕΟΥ 0 1 2 3 4 5 Sum depreciation Depreciation Balance
- A surface mount PCB placement/soldering line is to be installed for $1,000,000. It will have a salvage value of $90,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using declining balance depreciation using double declining balance switching to straight line depreciation. EOY Depreciation Balance 1 3 4 Sum depreciation Round entry to two decimal places. The tolerance is ±10.A surface mount PCB placement/soldering line is to be installed for $1.6 million. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset’s life. Use double declining balance depreciation.If the total depreciation after 1 year and 2 years in an equipment are 21,255 and 35,731 respectively using DBM and the equipment has an expected life of 8 years, find the salvage value. Write your final answer in two decimal places.
- A surface mount PCB placement/soldering line is to be installed for $1,600,000. It will have a salvage value of $150,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a - Your answer is partially correct. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using straight-line depreciation. EOY 0 1 Depreciation 0 640000 Balances 1600000 960000 2 384000 576000 3 234110 345600A van costs $25,000 and has an expected life of 6 years, with a salvage value (Residual Value) of $1,500. Using straight-line depreciation, what is its value after 3 years? *If the depreciation on year 8 is 15,282 and the book value on the same year is 424,684 and money is worth 6.31%, find the salvage value of the equipment with expected life of 13 years.