Liam acquired a machinery purchased for ₱ 1,100,000.00 and paid for transportation charge of ₱70,620.00. To install the machine in his plant, he paid installation charges amounting ₱35,000.00. Scrap value will be ₱150,000.00 and the useful life of machinery is 10 years. Charge depreciation with the Straight Line Method of depreciation. What is annual depreciation cost of the equipment in pesos?
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4. Liam acquired a machinery purchased for ₱ 1,100,000.00 and paid for transportation charge of ₱70,620.00. To install the machine in his plant, he paid installation charges amounting ₱35,000.00. Scrap value will be ₱150,000.00 and the useful life of machinery is 10 years. Charge
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- Construct a depreciation schedule for the following problems 3.) Duncan bakery purchased a new bread oven for ₱125,000. Shipping charges were ₱1500 and installation amounted to₱ 750. The oven is expected to last five years and has a residual value of ₱5000. If Duncan elects to use use the straight line method, calculate the total cost, total depreciation. And annual depreciation of the oven. Prepare a schedule.Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for 120,000 miles. Montello uses the units-of-production depreciation method and in year one it expects to use the truck for 13,000 miles. A. Calculate the year one depreciation expense. _______________ B. What is the year one book value? __________________ Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for eight years. Montello uses the double-declining-balance depreciation method. C. Calculate the year one depreciation expense. _____________ D. What is the year one book value? _____________A man acquired a machinery purchased for PhP 1,100,000.00 and paid for transportation charge of PhP 20,000.00. To install the machine in his plant, he paid installation charges amounting PhP 35,000.00. Scrap value will be PhP 150,000.00 and the useful life of machinery is 15 years. Charge depreciation with the Straight Line Method of depreciation. What is annual depreciation cost of the equipment in pesos?
- 2. The Alpha Drug Company has just purchased a capsulating machine for ₱2,000,000. The plant engineer estimates that the machine has a useful lifeof five years and a salvage value of ₱ 25,000 at the end of its useful life.Compute the depreciation schedule for the machine by each of thefollowing depreciation methods: a. Straight line method of depreciationb. Sum-of-the-years digits method of depreciationc. declining balance method of depreciationd. double declining balance method of depreciationUsing a Sum of the Years'-Digits Depreciation, find the annual depreciation of a lathe machine that cost Php 120,000 with a salvage value of Php 15,000 and has an estimated life of 4 years?Ocak Uçan Yağlar Sanayi A.Ş. He bought 6 automatic filling machines and paid a total of 600,000 liras for them. The depreciation life of filling machines is 5 years. In this situation a) If the ordinary depreciation method is applied, what is the depreciation amount to be allocated according to the years? 4. What will be the book value at the end of the year? b) If the rapid depreciation method is applied, what is the depreciation amount to be allocated over the years? 4. What will be the book value at the end of the year?
- [The following information applies to the questions displayed below.] NewTech purchases computer equipment for $267,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Straight-Line Depreciation Annual Depreciation Expense Choose Numerator: Choose Denominator: Cost minus salvage IEstimated useful life (years) Depreciation expense %3D $ 242,000 / 4 = $ 60,500 Year Annual Depreciation Year-End Book Value Year 1 $ 60,500 $ 206,500 Year 2 60,500 146,000 Year 3 60,500 85,500 Year 4 60,500 25,000 Total 242,000 II %24[The following information applies to the questions displayed below.] NewTech purchases computer equipment for $267,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Straight-Line Depreciation Annual Depreciation Expense Choose Numerator: Choose Denominator: Depreciation expense %3D Year Annual Depreciation Year-End Book Value Year 1 Year 2 Year 3 Year 4 Total IIMR Construction and Supply has purchased its transit mixer. The cost of the mixer is 5 million pesos. Salvage value at the end of useful life (n = 5) is 1 million pesos. If its book value at the end of three years is 1.8 million pesos, what type of depreciation was used in computing its book value? Show your solutions. (a) Sum of the Years Digit Method (b) Sinking Line Method (c) Straight Line Method
- Mr Cruz imported a truck for his job, paying P550,000 to the manufacturer. Freight andinsurance charges amounted to P28,000; customs and brokers fees is P8,500; taxes,permits and other expenses, P25,000. If Mr Sy estimates the life of the bulldozer to be10 years with a salvage value of 320,000, determine the book value at the end of 7years using: 1. Straight line method2. Sinking fund Method at 8%3. Matheson Formula4. Double Declining Balance Method5. SYD MethodHI! CAN YOU HELP ME ON MY ASSIGNMENT PLEASE? PLEASE SHOW YOUR SOLUTION FOR THIS QUESTION PLEASE, THANK YOU! 2. A telephone company purchased a microwave radio equipment for P6,000,000. Freight and installation charges amounted to 3% of the purchased price. If the equipment shall be depreciated over a period of 8 years with a salvage value of 5%, determine the following: (a) Annual depreciation charge using the straight-line method (b) Depreciation charge during the fifth year using the sum-of-the-years-digits method.An engineer bought equipment for P500,000. He spent an additional amount of P30,000 for the installation and other expenses. The estimated useful life of the equipment is 10 years. The salvage value is X% of the first cost. Using the straight line-method of depreciation, the book value at the end of 5 years will be P291,500. What is the value of X?