A man bought an equipment which cost P520,000.00. Freight and installation expenses cost him 31,000.00. 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.
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- 2. A backhoe loader is purchased with an amount of P 2,800,000.00 by a contractor. The manufacturer explained that the said equipment has an estimated 10 years of useful life and a salvage value of P 125,000.00. Determine its depreciation and book value for each year using the Straight Line Method. Year 0 1 2 3 4 5 6 7 8 Book Value P 0.00 Depreciation per year ℗ 0.00 Book Value at the end of the Year $ 2,800,000.001. An equipment which costs P 150,000.00 is purchased by a contractor. It is said to have a useful life of 5 years and has a salvage value of P20,000.00. Determine the depreciation and book value for each of the 5 years using the Straight Line Method. Year 0 1 2 3 4 5 Book Value P 0.00 Depreciation per year P 0.00 Book Value at the end of the Year ℗ 150,000.002. A man bought an equipment which cost P524,000.00 Freight and installation expenses cost himP31,000.00. 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. with cash flow diagram
- . A machine has initial cost of 10,000 and a salvage value of P500 for the life of 10years. Calculate the book value on the 8th year of the equipment given the 12% interest rate.10. A machine costs P 8,000.00 and an estimated life of 10 years with a salvage value of P500.00. What isits book value after 8 years using straight-line method? with cash flow4. An engineer bought an equipment for P500,000. Other expenses including installations amounted to P30,000. At the end of its estimated useful life of 10 years, the salvage value will be 10% of the first cost. Using straight line method of depreciation, what is the book value after 5 years?
- 10. he original cost of a certain machine is P150,000 and has an economic life of 8 years with a salvage value of P9,000 at that time. If the depreciation of the first year is equal to P44,475, what method is used in the calculation of the depreciation?A telephone company purchased a microwave radio equipment for P6,000,000.00. 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 book value at the end of 7 years using straight line method5. A certain machine has an initial cost of P 50,000 and a book value of P 15,811.39 after five years. Find the salvage value of the machine if it has an economic life of 15 years. Use declining balance method. A. PhP 1581 B. PhP 5000 C. PhP 3000 D. PhP 2317
- Q2: The initial cost of a piece of equipment is IQD 20*10°. Its salvage value will be IQD 5*10° after an estimated useful life of 5 years. Find the book value and the depreciation allowance of each year using three different methods that ignore the time value of money. (Use d = 0.25). [50%]The purchased price of the equipment is P12,000 and its estimated maintenance costs are P500 for the first year P1,500 for the second year and P2,500 for the third year. After three years of used equipment is replaced, it has no salvage value. Compute the present equivalent cost of the equipment using 10% interest. (capitalized cost with solution)29. A machine costing P480,000 is estimated to have a salvage value of 10% of the first cost when retired at the end of 12 years. Depreciation cost using declining balance method. Find the book value at the end of 5 years.