7 A machine costing $200 000 has effective life of 7 years and its scrap value...
Homework Answers
Answer
![M=A/r x [(1+r)^n-1] Where A is the annual deposit into sinking fund, then we have Amount of annuity, M=Rs270000 Number of per](http://img.homeworklib.com/questions/a9d4a2c0-4588-11eb-8981-75f7fc37b43b.png?x-oss-process=image/resize,w_560)
Add Answer to:
7 A machine costing $200 000 has effective life of 7 years and
its scrap value...
A machine costing $50 000 has an estimated useful lifetime of 20 years and a scrap...
A machine costing $50 000 has an estimated useful lifetime of 20 years and a scrap value of $2000 at that time. Determine the accumulated depreciation and the book value of this asset at the end of 9 years along with the depreciation expense for the 9th year, using (a) the straight line method (b) the constant percentage method (you must calculate d)
A Php 110,000 chemical plant had an estimated life of 6 years and a projected scrap...
A Php 110,000 chemical plant had an estimated life of 6 years and a projected scrap value of Php10,000. After 3 years of operation an explosion made it a total loss. How much money would have to be raised to put up a new plant costing Php150,000, if the depreciation reserve was maintained during its 3 years operation by: a. Straight-Line Method b. Sinking Fund Method at 68
On 1 January 2011, Y Ltd purchased a new machine for $500 000. The estimated scrap...
On 1 January 2011, Y Ltd purchased a new machine for $500 000. The estimated scrap value of the machine is $20 000. The machine is depreciated straight-line over its useful life of 6 years. On 31 December 2012, Y Ltd sold the machine for $400 000 to a director of the company. The gain or loss on sale is: Select one: A. Gain on sale $60 000 B.Loss on sale $100 000 C.Loss on sale $80 000 o D.There...
Salalah Mills Ltd. purchases machinery which costs RO 20,000. The useful life of the machine is...
Salalah Mills Ltd. purchases machinery which costs RO 20,000. The useful life of the machine is 9 years and the annual rate of depreciation is 6% per annum, depreciation being calculated on WDV method. After 9 years, the existing machine has to be replaced by a new one which will cost 250% more than the book value of the existing machine at that time. a) If company sells existing machine at scrap value, What is the extra amount the company...
An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the end of the period
An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the end of the period. Compute the depreciation charge and its book value after 10 years using straight-line method. Ans. P24,336.26An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the end of the period. Compute the depreciation charge and its book value after 10 years using sinking fund...
A machine has a book value of $500,000 and remaining useful life of 5 years before...
A machine has a book value of $500,000 and remaining useful life of 5 years before an addition was made costing $50,000 that extended its useful life 3 more years. What is the new depreciation rate assuming the machine has no salvage value?
15) A machine costs $50,000 today and has an estimated scrap (salvage) cash value of $10,000...
15) A machine costs $50,000 today and has an estimated scrap (salvage) cash value of $10,000 after ten years. Inflation is 6% per year. The effective annual interest rate earned on money invested is 296. How much money needs to be set aside each year to replace the machine with an identical model ten years from now? (Hint #1: first determine the cost of the machine after inflation of the price for 10 years). (Hint #2: the salvage value is...
2.11 A company is considering investing in a new machine for its production line. Management has...
2.11 A company is considering investing in a new machine for its production line. Management has specified that $150,000 is available to invest in the machine. This money will be invested in a fund that earns 8% annually, compounded quarterly, to pay for the machine, its operation cost, and main- tenance costs. A machine has been identified that has a uniform annual operation cost of $1250. The maintenance cost of the machine is zero in the first year, $200 in...
One year ago, your company purchased a machine used in manufacturing for $ 105 comma 000....
One year ago, your company purchased a machine used in manufacturing for $ 105 comma 000. You have learned that a new machine is available that offers many advantages; you can purchase it for $ 160 comma 000 today. It will be depreciated on a straight-line basis over ten years, after which it has no salvage value. You expect that the new machine will contribute EBITDA (earnings before interest, taxes, depreciation, and amortization) of $ 60 comma 000 per year...
You deposit $12,000 annually into a life insurance fund for the next 30 years, after which...
You deposit $12,000 annually into a life insurance fund for the next 30 years, after which time you plan to retire. (LG 15-2) If the deposits are made at the beginning of the year and earn an interest rate of 7 percent, what will be the amount of retirement funds at the end of year 30? Instead of a lump sum, you wish to receive annuities for the next 20 years (years 31 through 50). What is the constant annual...
A Php 110,000 chemical plant had an estimated life of 6 years and a projected scrap value of Php10,000. After 3 years of operation an explosion made it a total loss. How much money would have to be raised to put up a new plant costing Php150,000, if the depreciation reserve was maintained during its 3 years operation by: a. Straight-Line Method b. Sinking Fund Method at 68
On 1 January 2011, Y Ltd purchased a new machine for $500 000. The estimated scrap value of the machine is $20 000. The machine is depreciated straight-line over its useful life of 6 years. On 31 December 2012, Y Ltd sold the machine for $400 000 to a director of the company. The gain or loss on sale is: Select one: A. Gain on sale $60 000 B.Loss on sale $100 000 C.Loss on sale $80 000 o D.There...
15) A machine costs $50,000 today and has an estimated scrap (salvage) cash value of $10,000 after ten years. Inflation is 6% per year. The effective annual interest rate earned on money invested is 296. How much money needs to be set aside each year to replace the machine with an identical model ten years from now? (Hint #1: first determine the cost of the machine after inflation of the price for 10 years). (Hint #2: the salvage value is...
2.11 A company is considering investing in a new machine for its production line. Management has specified that $150,000 is available to invest in the machine. This money will be invested in a fund that earns 8% annually, compounded quarterly, to pay for the machine, its operation cost, and main- tenance costs. A machine has been identified that has a uniform annual operation cost of $1250. The maintenance cost of the machine is zero in the first year, $200 in...
Most questions answered within 3 hours.
-
An AM transmitter with a carrier power of 20 kW is connected to
a 50 Ω...
asked 3 minutes ago -
JAVA
Beginnings of a paper-rock-scissors game.
Paper-rock-scissors is a game often used to make decisions.
There...
asked 8 minutes ago -
Consider a concept learning example of 5 attributes. Attributes
can take one of (5,3,2,2,6) values respectively....
asked 14 minutes ago -
Red light of wavelength 675 nm is incident on a slit of width
4.56 × 10−6...
asked 24 minutes ago -
An object 4.0 mm high is on the optical axis of two lenses with
focal lengths...
asked 20 minutes ago -
Suppose that each team in a league has a demand curve for
generic advertising (a league-wide...
asked 20 minutes ago -
1. The WJC purchases denim. The avg. daily demand of
western is 1000 yards and the...
asked 29 minutes ago -
Memory Allocation
a) Is it possible to have both internal and external
fragmentation with fixed partition...
asked 29 minutes ago -
Steven can afford car payments of $300 a month for 72 months.
The bank will lend...
asked 46 minutes ago -
Embedded
System..
1.
Analyze
the instruction
sets below.
LDR R1, [R0,
#0x08]
SUB R1, R1,
R2,...
asked 50 minutes ago -
Use proper sentence structure to communicate clearly.
Choose the correct sentence structure in each of the...
asked 50 minutes ago -
There are investors who claim they only invest in companies with
great products and outstanding management,...
asked 53 minutes ago