A coil winding and unwinding machine that costs $32,000 has a life of 9 years with a $4,000 salvage value. Use classical straight-line depreciation to determine the book value after 7 years.
Q: Should the company replace the old machine?
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A: Using the straight-line method, the depreciation charge can be calculated as follows: Thus, the…
Q: s
A: For the declining balance method, the depreciation value is calculated using the formula,…
Q: Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis…
A: The simplest method for estimating depreciation over time is straight-line depreciation. This…
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A: The initial cost of the machine (P)= 919866 Life of the machine =7 years Salvage value after 7 years…
Q: Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis…
A: here we calculate the salvage value , Annual depreciation and book value of the sonogram by using…
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Q: An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the…
A: Depreciation refers to the decreasing value of asset over the period of time due to the usage.
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Q: An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the…
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A: $38,637.16640
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A: *SOLUTION :-
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A: The book value after 2 years is calculated as follows.
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A: Initial cost = $ 78000 N = 5 year Value after 5 year, Salvage value = $0 DDB method Formula for…
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Q: Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis…
A: Depreciation: It is the used-up value of an asset.
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A: (a) Salvage value = 0.01 * initial value = 0.01 * 150000…
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A: Subsequently, the technique for deterioration can be changed without review impact or with review…
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Q: Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis…
A: * SOLUTION :- (3)
Q: Declining Balance Method, determine the yearly depreciation charge for the first and second years
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Q: An SMP machine costs $500,000 and has a $50,000 salvage value after 10 years of use. Using…
A: Depreciation: - depreciation is a process of a systematic allocation of the cost of an asset over…
Q: Goodson Healthcare purchased a new sonogram imaging unit for $300,000 and a truck body and chassis…
A: (a) The salvage value can be calculated as follows. Thus, the salvage value of the unit is…
Q: A machine that had a first cost of $120,000 was depreciated by the MACRS method over a 3-year…
A: Given, A machine that had a first cost of $120,000 was depreciated by using Modified Accelerated…
Q: An asset costing P50,000 has a life expectancy of 6 years and an estimated salvage value of P8,000…
A: Purchase cost = P 50,000 Expected life span = 6 years Salvage value = P 8000
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A: a. Salvage value can be calculated by using the following formula:
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- A numerically controlled milling machine was purchased for $95,000. The estimated salvage value was $15,000 after 15 years. What is the machine’s book value after 5 years of depreciation? If the machine is sold for $20,000 early in Year 7, how much gain on sale or recaptured depreciation is there? Assume(a) Straight-line depreciation(b) 150% declining balance depreciation(c) 80% bonus depreciation with the balance using 7-year MACRS depreciation(d) 7-year MACRS depreciationNEED HELP ASAP! THANK YOU!A construction equipment costing 630,000 has a life of 10 years using the sum of years digit method, total depreciation at the end of 4 years is 376,995.05. Determine the salvage valueAn equipment cost 10,000 with a salvage value of 500 at the end of 10 years. Calculate the annual depreciation by straight line method. Select the correct response: 900 1000 950 850
- Please use depreciation methodA construction equipment costing 630,000 has a life of 10 years using the sum of years digit method, total depreciation at the end of 4 years is 376,995.05. Determine the salvage value.vvvvDoja Products placed a new machine into production 3 years ago. It had an installed cost of $100,000, a life of 5 years, and an anticipated salvage of $20,000. Book depreciation charges for the 3 years are $40,000, $24,000, and $14,000, respectively. Determine the book value after 3 years and the yearly depreciation rate.
- You must evaluate the purchase of a spectrometer for the R&D department. The base price is $140,000, and it would cost another $30,000 to modify the equipment for special use by the firm. The equipment falls into the MACRS 4 year class and would be sold after 4 years for $60,000. The applicable depreciation rates are 33%, 45%, 15% and 7%. The equipment would require an $8000 increase in net operating working capital. The project would have no effect on revenues, but it should save the firm $50,000 per year before-tax labour costs. The firm's marginal federal-plus state tax rate is 40%. QUESTION:W Whatare the project's annual cash flows in Years 1, 2,3 and 4?A new industrial vacuum for electronic factory activities has a purchased value of $50, 000 and $20,000 for transportation cost within a 7-years depreciable life. The estimated salvage value of the equipment is zero at the end of 7 years. Calculate the annual depreciation amounts using the 200% DB method.An asset purchased for $50,000 has a depreciable life of 5 years, and it has a terminal book (salvage) value of $5,000 at the end of its depreciable life. With the straight-line method of depreciation, what is the asset’s book value at the end of year 3?
- An equipment costs #3839918 with the estimated salvage value of #541958 at the end of 7 years. What is the annual depreciation cost by sinking fund method at 2.3% interest? Round your answer to 2 decimal places.Company RLM purchased a machine that cost $60,000 and will last 6 years.A salvage value was not assigned to the asset. Determine the annual depreciationexpense using the straight-line method.An asset costs $150,000 and has a salvage value of $15,000 after 10 years.What is the depreciation charge for the 4th year, and what is the book value atthe end of the 8th year with(a)Straight-line depreciation?(b)Double declining balance depreciation?