Ms. Sara purchased an equipment at a cost of 19700 RO. The life of the equipment is 8 years and the salvage value is 1000 RO. Using the written down value method find the book value at the end of 3 years. Select one: a. 6443.54 b. 9352.01 c. 4439.60 d. 13573.30
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- Marissa's company recently purchased a depreciable asset for $190,000. The estimated salvage value is $18,000, and the estimated useful life is 8 years. The straight-line method will be used for depreciation. Given this information, the depreciable base of the asset will be O $115,000. O $208,000. O $172,000. O $23,750. Submit Answer Save for LaterA man bought an equipment which cost P524,000.00 Freight and installation expenses cost him P31,000.00. If the life of the equipment is 15 years with an estimated salvage value of P120,000.00, find its book value after 8 years,an asset purchased for 100000. its estimated life for 5 years. find the salvage value if the total depreciation after 4 years using the sum of the years digit method is 79333.33
- An asset was purchased and installed for $304781. The asset is classified as MACRS 7year property. Its useful life is 10 years. The estimated salvage value at the end of 10 years is $22765. Using MACRS depreciation, the third year depreciation is: Enter your answer as: 123456.78 53306.2000Edna "E" Mode purchases a machine to produce hand sanitizer at the beginning of 20x0 at a cost of $40,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 8 years with a $9,000 salvage value. What is Edna "E" Mode's depreciation expense in year 2? Multiple Choice $5,000. $31,000. $10,000. $0. pan engineer bought a piece of equipment for 500000. he spent amount of 20000 for installation and other expenses. the salvage value is 10% of the initial first cost wit a life for 12 years. determine the total depreciation after 5 years using the straight line method
- An engineer bought equipment for P500,000. HE spent an additional amount of P30,000 for installation and other expenses. The estimated useful life of the equipment is 10 years. The salvage value is x% of the first cost. Using Straight line method of depreciation the book value at the of 5 years will be P291,500. What is the value of x? 16.60 12.00 10.00 14.50Martin Company purchases a machine at the beginning of the year at a cost of $63,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $5,000 salvage value. The book value of the machine at the end of year 5 is: Multiple Choice $11,600 $58,000. $25,200. $5,000. $0. 2 of 10 E Next > < PrevMohr Company purchases a machine at the beginning of the year at a cost of $31,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. The book value of the machine at the end of year 2 is: Multiple Choice $5,400. $10,800. $16,200. $20,200.
- A certain office equipment has a first cost of P 20,000 and a salvage value of P 1,000 at the end of 10 years. Determine its book value at the end of 6 years using Straight-line Method. 8,600.00 3,311.00 1,657.38 9,280.00 11,400.00 1,000.00A man bought a piece of equipment which cost $250,000. Freight and installation charges cost him P31,000. If the life of the equipment is 15 years with an estimated salvage value of $2,500, find its book value after 8 years using the sinking fund method at an interest of 10%A machine purchased for #919866 has a depreciable life of 7 years, and it has a terminal book (salvage) value of 28588 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 5? Round your answer to 2 decimal places.