A piece of machinery costs P50,000 and has an anticipated P8,000 salvage value at the end of its six-year depreciable life. What is its depreciated value at the end of 4 years? Use sum-of-years digits depreciation.
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A piece of machinery costs P50,000 and has an anticipated P8,000 salvage value at the end of its six-year
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- 3. An asset initially costs P55,000.00 and a salvage value P5,000.00 after 11 years. What is the book value after eight years using straight-line depreciation method?A piece of machinery costs P50,000 and has an anticipated P8,000 salvage value at the end of its six-year depreciable life. Using straight line method, what is the annual cost of depreciation?An equipment costing Php 750,000 has a life expectancy of 6 years. Using the sum-of-the–year’s digit method of depreciation, what must be its salvage value such that its depreciation charge at the fourth year is Php 50,000? Solve show solution.
- A certain equipment has a first cost of P 12,000 and a salvage value of P 500 at the end of x years. What is the value of x if the annual depreciation is P 1,437.5 using the Straight Line Method?A new piece of equipment, with a life of eight years, costs $12000 to purchase. The end of life salvage value is $2000. What is the annual decrease in value with straight line (SL) depreciation?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?
- A crane costs P700,000 and whose salvage value is P50,000 after 10 years. A. Find the rate (%) of depreciation using Matheson’s FormulaAn electronics balance costs P87,000 and has an estimated salvage value of P8,000 at the end of its 12 years lifetime. What would be the depreciation after three years, using the sum of the years digit in solving for the depreciation?An equipment cost P60,000 today and its salvage value is P20,000 after 6 years. Calculate its total depreciation at year 4 with 3% interest rate. Use Sinking Fund Method
- A machine has a first cost of P400,000 and a salvage value of P46,000 17 years from now. If the interest is 10%. Find the annual depreciation(P) using sinking fund method of depreciation.What is the average amount invested in a machine during its predicted five-year life if it costs $200,000 and has a $20,000 salvage value? Assume that net income is received evenly throughout each year and straight-line depreciation is used.A machine has an initial cost of P50,000 and a salvage value of P10,000 after 10 years. What is the book value after 5 years of using straight line depreciation? (15 points) Formulas: a) Depreciation Expense = (Cost – Salvage value) / Useful life b) Book Value at the end of 5th year = Cost – depreciation cost for 5 years