The pipe making machine costs $25,000 and has an expected scrap value of $5,000 at the end of its 7-year useful life. Calculate the depreciation tables and book values for the machine, the simplifier by using (RB) Method. 9:1
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- Dunedin Drilling Company recently acquired a new machine at a cost of 350,000. The machine has an estimated useful life of four years or 100,000 hours, and a salvage value of 30,000. This machine will be used 30,000 hours during Year 1, 20,000 hours in Year 2, 40,000 hours in Year 3, and 10,000 hours in Year 4. With DEPREC5 still on the screen, click the Chart sheet tab. This chart shows the accumulated depreciation under all three depreciation methods. Identify below the depreciation method that each represents. Series 1 _____________________ Series 2 _____________________ Series 3 _____________________ When the assignment is complete, close the file without saving it again. Worksheet. The problem thus far has assumed that assets are depreciated a full year in the year acquired. Normally, depreciation begins in the month acquired. For example, an asset acquired at the beginning of April is depreciated for only nine months in the year of acquisition. Modify the DEPREC2 worksheet to include the month of acquisition as an additional item of input. To demonstrate proper handling of this factor on the depreciation schedule, modify the formulas for the first two years. Some of the formulas may not actually need to be revised. Do not modify the formulas for Years 3 through 8 and ignore the numbers shown in those years. Some will be incorrect as will be some of the totals. Preview the printout to make sure that the worksheet will print neatly on one page, and then print the worksheet. Save the completed file as DEPRECT. Hint: Insert the month in row 6 of the Data Section specifying the month by a number (e.g., April is the fourth month of the year). Redo the formulas for Years 1 and 2. For the units of production method, assume no change in the estimated hours for both years. Chart. Using the DEPREC5 file, prepare a line chart or XY chart that plots annual depreciation expense under all three depreciation methods. No Chart Data Table is needed; use the range B29 to E36 on the worksheet as a basis for preparing the chart if you prepare an XY chart. Use C29 to E36 if you prepare a line chart. Enter your name somewhere on the chart. Save the file again as DEPREC5. Print the chart.A draw bench for precision forming and strengthening of carbon steel tubing has a cost of S950,000. It will have a salvage value of $70,000 after a useful life of 10 years. Part a Using the formulas, determine the depreciation charge for year 6 and the book value at the end of year 6 if straight-line depreciation is used. Depreciation charge: $_ Book value: $ASAP
- A digital display in Carrefour costs 3400 RO, has an estimated life of 10 years, and a salvage value of 800 RO. Find the book value at the end of 4 years, assuming straight line depreciation. Select one: a. 2360 RO b. 2100 RO c. 2880 RO d. 2620 ROAn assembly line conveyor system with a 5-year life is to be depreciated by the DDB method. The conveyor units had a first cost of $30,000 with a$9000 salvage value. The annual operating cost allocated to the conveyor is $7000 per year. The book value at the end of year 2 is closest to:a. $6,480b. $10,800c. $12,400d. $18,000The initial cost of a paint sand mill, including its installation is P 700,000.00 . The BIR approved life of this machine is 19 years of depreciation. The estimated salvage value if the mill os P 8,000.00 and the cost of dismantling is estimated to be P 5,000.00 . Using straight line depreciation, what is the book value of the machine at the end of 6 years?
- An automated assembly robot that cost $352,000 has a depreciable life of 5 years with a $85,000 salvage value. The MACRS (Modified Accelerated Cost Recovery System) depreciation rates for years 1, 2, 3, and 6 are 20.00%, 32.00%, 19.20%, and 5.76%, respectively. What is the book value at the end of year 3? Year 5? Year 6? The book value at the end of year 3 is $ . The book value at the end of year 5 is $ . The book value at the end of year 6 is $ .A surface mount PCB placement/soldering line is to be installed for $1,600,000. It will have a salvage value of $150,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a - Your answer is partially correct. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using straight-line depreciation. EOY 0 1 Depreciation 0 640000 Balances 1600000 960000 2 384000 576000 3 234110 345600An automated assembly robot that cost $400,000 has a depreciable life of five years with a $100,000 salvage value. If the MACRS depreciation rates for years 1, 2, and 3 are 20.00, 32.00, and 19.20%, respectively, what is the book valueof the robot at the end of year three?
- The price of the construction equipment to be bought on a road construction site is 10000 (ten thousand) dollars. The economic life of this construction machine is 5 years and it has a scrap value of 2000 (two thousand) dollars. Find the annual depreciation value (dt) of this machine when the depreciation calculation is made using the correct line method. please fast help meA new machine costs $200,000 and has a useful life of 5 years, with a salvage value of $30,000. It will cost $5,000 to dismantle and remove the machine at the end of its useful life. Use straight line depreciation to determine book value of asset at end of year 3.A surface mount PCB placement/soldering line is to be installed for $1,400,000. It will have a salvage value of $70,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using declining balance depreciation using double declining balance switching to straight line depreciation. ΕΟΥ 0 1 2 3 4 5 Sum depreciation Depreciation Balance
