A tractor costs $24,680, has an expected life of 12 years, and has a salvage value of $2,600. Use straight-line depreciation to find the yearly depreciation. Make a depreciation schedule for the first three years' depreciation. Complete the table. Year Depreciation 1 $ 2 3 $ $ Accumulated depreciation $ $ $ End-of-year book value $ $

An asset for drilling was purchased and placed in service by a petroleum production company. Its cost basis is $60,000, and it has an estimated MV of $12,000 at the end of an estimated useful life of 14 years. Double declining balance method is used to calculate the depreciation cost. a. What is the book value of the asset at the end of 5 years? b. What is the depreciation amount in the third year?

A set of Wire Bond machine costs $500,000. This amount includes freight and installation charges estimated at 10% of the original price. If the machine shall be depreciated over a period of 10 years with a salvage value of $5,000, what is the annual depreciation charge and the book value at the end of 7 years?

An electronics balance costs P94 000 and has an estimated salvage value of P6 000 at the end of its 11 years lifetime What would be the depreciation after three years, using the sum of the years digit in solving for the depreciation? Quèstion 45 Express your answer in whole number Question 45 of 50 A Moving to another question will save this response. acer F5 F6 F7 F8 F9 F10 F11 F12 PrtSc Pause Del Home Scr Lk SysRq Break Ins & -Backspace 8 9 E P D G K L

If a condensing unit was bought at 50,000 having a useful life of 5 years and a salvage value of 10,000, what is the annual depreciation? Use straight line depreciation. Your answer should only be a REAL NUMBER with NO UNITS and NO COMMAS. Round off to nearest 2 decimal places (e.g. 2500.36).

New equipment to read 96-bit product codes thatare replacing old bar codes has just been purchasedby General Food Stores. As a trial, 1000 of theitems will be initially purchased. For book depreciation purposes (not tax), the total investmentof $50,000 will be written off over a 4-yearperiod, with no salvage value, by applying one ofthree methodsSL, 1.75% DB, or DDB. The objectiveis to have the largest amount of accumulateddepreciation after 2 years, in order to minimizethe lost depreciation if it is again necessary topurchase new-technology readers prior to the end ofthe 4-year useful life of the readers just purchased.You know that the answer is the DDB method, butyou must graphically demonstrate this result to yoursupervisor. Use a spreadsheet to do so.

An equipment costs $4433082 with the estimated salvage value of $542566 at the end of 10 years. What is the annual depreciation cost by sinking fund method at 3.8% interest? Round your answer to 2 decimal places. Add your answer

the 50,000 from the depreciation formula, is it the annual profit or is it the salvage value?

If the value of machinery is $50000 and the company follows the straight-line method of depreciation, assuming useful life of the asset as 5 years and salvage value as $10000 then what will be the yearly depreciation charge