The term which denotes decrease in the value of a resource due to economic downturns or wear and tear is called, O a. Depreciation Ob. Deformation Oc Demarcation Od. Degradation
Q: An industrial plant bought a generator set for P90,000. Other expenses including installation…
A: cost of Generator = 90,000 Installation Cost = 10,000 Therefore Book Value at starting = 90,000 +…
Q: A construction equipment costing 630,000 has a life of 10 years using the sum of years digit method,…
A: Salvage value refers to the value of damaged property.
Q: 0,000.00 will be retired at the end of 8 years. Depreciation cost is computed using a constant…
A: First Cost=P 60,000.00 Life=8 years Depreciation method: declining book value Annual rate of…
Q: company has purchased a large new trucktractor for over-the-road use (asset class 00:26). It has a…
A: The monetary worth of an asset reduces over time due to use, wear and tear or obsolescence. This…
Q: Consider the case of apiece of equipment costing $ 20000 and the scrap value $2000. the service life…
A: Principal Value of equipment = $20000 Salvage Value = $2000 Lifetime (n) = 5 years Therefore,…
Q: The first costs of an equipment is P 65,000 and a salvage value of P 3,000 at the end of its 6 –…
A: Let us calculate the annual depreciation or depreciation per year under the Straight Line Method:…
Q: What is the Declining-Balance Depreciation?
A: The declining balance method refers the type of accelerated depreciation that takes larger amount of…
Q: A company just purchased an intelligent robot, which has a first cost of $284,000. Since the robot…
A: Initial cost given: $284,000 Depreciable life is 5 years
Q: An embroidery machine has an initial cost of P200,000. Its salvage value after 10 years is P20,000.…
A: Initial cost of P200,000 Salvage Value = 20,000 Time period = 10 years
Q: An oil refinery has decided to purchase some new drilling equipment for $570,000. The equipment will…
A: Equipment cost = 570000 Time = 13 years Salvage value = 16000
Q: If a certain equipment has a book value P4,863.00 during its 7th year of operation. If the annual…
A: Answer in step 2.
Q: A certain machinery costs P 50,000 lasts 12 years with a salvage value of P 5,000. If the owner…
A: Cosy of Machinery = 50,000 Salvage Value = 5000 n = 12 years
Q: With reference to the straight-line depreciation method, which statement is false? (a) An equal…
A: The depreciation method which assumes that the consumption of economic benefits of the long-term…
Q: Under the General Depreciation System (GDS) of asset classification, any asset that is not in a…
A: Depreciation is used to show the fall in the value of assets over time. There are many ways to…
Q: K/N = 27 this year, and K/N = 30 last year, then saving is __ depreciation this year. greater than…
A: Steady state level is reached where the per capita variables do not change. The consumption per…
Q: at cost P90,000 will have an estimated salvage value of P18,000 at the end of 8 years. Using…
A: Given Equipment cost = 90000 P salvage value = 18000 P Life of asset = 8 years Depreciation = Fixed…
Q: A machine was purchased at an original cost of P400,000 with a salvage value of P20,000. Life of…
A: GIVEN DATA Purchase price = Php 400,000 Salvage value = Php 20,000 Life of machine = 6 years Total…
Q: sing the double declining balance depreciation method for an asset purchased at the start of 1019…
A: Cost of Asset 85000 Salvage Value 2500 Life of Asset 12
Q: How much is the depreciation rate of the motorcycle if he used a straight line method to compute the…
A: Solution: Given Data cost of assets = 200000 salvage value = 50000 usefullife…
Q: 11. An engineer with Accenture Middle East BV in Dubai was asked by her client to help him…
A: The lowering balance technique, also known as the double-declining balance depreciation (DDB)…
Q: An equipment costs ¥ 10,000 with a salvage value of ¥ 500 at the end of 10 years. Calculate the…
A: Given: The equipment cost is = ¥ 10,000 Salvage value = ¥ 500 To Find: The depreciation charge and…
Q: Economic depreciation is the A) term given to a fall in a company's stock price. B) name given to…
A: Economic depreciation is the opportunity cost of the firm using capital that it owns. It is measured…
Q: Identify the depreciation method used for Double-declining-balance depreciation?
A: Double declining balance method: it is an accelerated method of depreciation under which the…
Q: Does the inclusion of a depreciation expense reflect the true cost of doing business?
A: Yes, the inclusion of a depreciation expense reflect the true cost of doing business
Q: For a seven year class asset costing $150,000 according to MACRS, how much is the third year…
A: The Accelerated Cost Recovery System (ACRS) supplanted verifiable devaluation strategies in 1981. In…
Q: An old machine was purchased 3 years ago at a cost of ₱50,000. It was estimated to have a useful…
A:
Q: 2. An asset was purchased six years ago at a cost of 7,000, It was estimated to have a useful life…
A: Given, An Asset purchased 6 years ago Cost : 7,000 Useful Life : 10 years Salvage Value : 300…
Q: Required information A company just purchased an intelligent robot, which has a first cost of…
A: Given -: First Cost = 278,000 recovery life = 5 years According to the MACRS schedule, the…
Q: HOUR OUTPUT METHOD An electric bulb bought for P100 is guaranteed to be used for 50 hours. The…
A: Ans in step 2
Q: f its 7 year useful life is $700. Identify the resulting depreciation schedules. Year I II…
A: The declining balance method system of recording during the earlier years of useful life of an asset…
Q: Prepare a depreciation table for an asset that was bought at P150,000 and estimated to be useful for…
A: Sinking Fund Depreciation The Calculated formula for Sinking Fund Depreciation are given below…
Q: Calculate the depreciation value during the first year using the Declining Balance method of a CCTV…
A: Depreciation refers to the diminishing value of fixed asset from usage of it over period of time. .…
Q: In MACRS method, the n (recovery period) and d (depreciation rate) are: Select one: O a. based on…
A: In economic analysis, MACRS stands for modified accelerated cost recovery system, which is used as…
Q: Sinking Fund Method Given: FC = 2,000,000.00 pesos SV = 300,000.00 pesos i = 12.00% n = 9 years a.…
A:
Q: A): Calculate the total cost, total depreciation, and annual depreciation (in $) for the following…
A: Depreciation refers to the decrease in the value of assets over time due to wear and tear of the…
Q: The first costs of an equipment is P 65,000 and a salvage value of P 3,000 at the end of its 6- year…
A: Given Cost of equipment = 65000 P salvage value = 3000 P Time= 6 years Depreciation Method = sum of…
Q: Carl is curious about the original cost of the digital imaging equipment he uses at the First…
A: Depreciation is the fall in the value of a particular asset due to wear and tear, obsolescence, etc.
Q: what is the Book Value at the end of year 2?
A: Depreciation = (B-S)/n initial cost(B) = $50,000 Salvage value(S) = $10,000 n = 5 years,…
Q: You purchased a molding machine at a cost of $88,000. It has an estimateduseful life of 12 years…
A: In engineering economics, the depreciation is calculated by dividing the difference in the cost of…
Q: An asset purchased for $50,000 is to be depreciated over 5 years using the straight line method.…
A: Given: The amount for an asset purchased is = $50,000 The depreciated life is = 5 years The salvage…
Q: Consider the following information: • Cost of the asset: $800,000 Salvage value of the asset:…
A: The amount of the years' digits is a sped-up technique for deciding a resource's normal depreciation…
Q: An asset for drilling was purchased and placed in service by a petroleum production company. Its…
A: d. Double declining Balance Method Depreciation for 3rd year is 62973.76 Book value at the end of…
Q: Explain how the cost basis of depreciable property is determined.
A: Depreciable property is defined as the assets which includes all the vehicles, machinery and…
Q: Question 13 An asset with an 8-year ADR class life costs $50,000 and was purchased on January 1,…
A: Calculate the depreciation each year D1 = 50,000 * 14.29% = 7,145 D2 = 50,000 * 24.49% = 12,245 D3…
Q: Equipment costing $20,000 that is a MACRS 5-year property is disposed of during the second year for…
A: Introduction Cost of equipment is $20,000. Its MACRS is 5 years. But it is disposed during the…
Q: Alpha Tec h has decided to purchase a new drilling equipment for $550.000. The equipment will be…
A: Straight-line method: Under the straight-line method of depreciation, the same amount of…
Q: Office equipment whose initial cost is $100,000 has an estimated actual life of 6 years, with an…
A:
Q: POLO Company recorded a loss of $9,000 when it sold a van that originally cost $84,000 for $15,000.…
A: loss = $9,000 cost of van = $84,000 sold price of van = $15,000 Accumulated Depreciation on van = ?
Q: An equipment costs $12,000 and can be sold at the end of 5 years for $300. What is the depreciation…
A: Explanation:- total depreciation in 5 yr= $12000-$300= $11700 we have depreciation in different year…
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- POLO Company recorded a loss of $9,000 when it sold a van that originally cost $84,000 for $15,000. Accumulated depreciation on the van must have been Select one: O a. $60,000. O b. $75,000. C. $78,000. d. $24,000.Q 02. Which one is true? Ops: A. O GNP = GDP + Depreciation %3D B. ONNP = GNP + Depreciation C. ONNP = GNP - Depreciation %3D D. OGNP = NNP - Depreciation %3DUsing the homogeneity condition and given a PED of -.28 with a YED of -1.28: What is the XED? A. -0.56 B. +0.56 C. -1.56 D. +1.56
- What is the most important question to consider when determining whether a person is an employee or an independent contractor? Multiple Cholce Who supplies the tools necessary for the job? What skill is required for the Job? How long will the job last? What degree of control does the employer maintain?13. Depreciation decreases: * O Capital O Cash O Bank O LiabilitiesValue added by a single firm is measured as total sales revenue O a. Plus indirect business taxes O b. minus the purchase of intermediate goods OC. Minus factor payments (labour and capital) O d. Plus depreciation
- The term which denotes decrease in the value of a resource due to economic downturns or wear and tear is called ____. a. Deformation b. Degradation c. Demarcation d. Depreciation4 03:16:23 Mc Graw Hill Determine if each item below is a traceable or a common fixed cost. Depreciation on equipment used only by one segment Multiple Choice Traceable fixed cost Common fixed costA machine has an initial cost of P 50,000.00 and a salvage value of P 10,000.00 after 10 years. What is straight line method depreciation rate as a percentage of the initial cost? O a. 6% O b. 8% O c. 9% O d. 7%