Math Assignment
A law firm purchased a copy machine for $ 3,000 that is assumed to have a depreciation value of $ 0 after 6 years. The firm considers a linear depreciation over a period of 6 years. What is the depreciated value after 1 year?
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finance
Woodland Corporation purchased a printing machine three (3) years ago and is considering replacing it with a new one which is faster and easier to operate. The old machine has been depreciated over 3 years using straight line depreciation. Its original installation cost was $15,000. The old machine has been in use for 2 years, and it can be traded in for $3,500. The new machine will be purchased $24,000 and it will also be depreciated over 3 years using the...
Corporation purchased a printing machine three (3) years ago and is considering replacing it with a...
Corporation purchased a printing machine three (3) years ago and is considering replacing it with a new one which is faster and easier to operate. The old machine has been depreciated over 3 years using straight-line depreciation. Its original installation cost was $15,000. The old machine has been in use for 2 years, and it can be traded in for $3,500. The new machine will be purchased $24,000 and it will also be depreciated over 3 years using the straight-line...
A company is planning to purchase a machine that will cost $32,400, have a six-year life,...
A company is planning to purchase a machine that will cost $32,400, have a six-year life, and be depreciated over a three-year period with no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? $132.000 Sales Cost: Manufacturing Depreciation on machine Selling and administrative expenses $53,400 5,400 44,000 (102,800) Income before...
o d curendar year unless otherwise statet 1. Your company uses the DDB method. Assets purchased...
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One year ago, your company purchased a machine used in manufacturing for $120,000. You have learned...
One year ago, your company purchased a machine used in manufacturing for $120,000. You have learned that a new machine is available that offers many advantages; you can purchase it for $200,000 today. It will be depreciated on a straight-line basis over 5 years, after which it has no salvage value. You expect that the new machine will produce EBITDA (earnings before interest, taxes, depreciation, and amortization) of $100,000 per year for the next 5 years. The current machine is...
One year ago, your company purchased a machine used in manufacturing for $120,000. You have learned...
One year ago, your company purchased a machine used in manufacturing for $120,000. You have learned that a new machine is available that offers many advantages; you can purchase it for $200,000 today. It will be depreciated on a straight-line basis over 5 years, after which it has no salvage value. You expect that the new machine will produce EBITDA (earnings before interest, taxes, depreciation, and amortization) of $100,000 per year for the next 5 years. The current machine is...
Check my work Problem 7-5B Determine depreciation under three methods (L07-4) The following information applies to the...
Check my work Problem 7-5B Determine depreciation under three methods (L07-4) The following information applies to the questions displayed below.] Part 2 of 3 Cheetah Copy purchased a new copy machine. The new machine cost $108,000 including installation. The company estimates the equipment will have a residual value of $27,000. Cheetah Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Year 1.66 paints Hours Used 3,000...
On July 1, 20X1, ZipCo, which uses UOP depreciation, purchases for $36,000 a truck with an...
On July 1, 20X1, ZipCo, which uses UOP depreciation, purchases for $36,000 a truck with an estimated useful life of 60,000 miles and a residual value of $6,000. Miles driven are as follows: Year 20x1 20X2 20x3 20x4 20x5 Miles 5,000 10,000 20,000 25,000 30,000 The book value of the truck on December 31, 20X3 is: Your company uses the DDB method. Assets purchased between the 1st and 15th are depreciated for the entire month; assets purchased after the 15th...
2. A firm is contemplating the purchase of new automated plant costing $240,000 to replace an...
2. A firm is contemplating the purchase of new automated plant costing $240,000 to replace an existing machine that can be sold for $110,000 today. The existing machine (which can continue to be operated for a further four years) was purchased one year ago for $100,000 and is being depreciated over its five-year life. For each year of its life the new plant's technology will allow the firm to reduce annual expenses by $80,000. Annual sales will remain at the...
12-6. Rockyford Company must replace some machinery that has zero book value and a current market value of $3,000. One p...
12-6. Rockyford Company must replace some machinery that has zero book value and a current market value of $3,000. One possibility is to invest in new machinery costing $52,000. This new machinery would produce estimated annual pretax cash operating savings of $20,800. Assume the new machine will have a useful life of 4 years and depreciation of $13,000 each year for book and tax purposes. It will have no salvage value at the end of 4 years. The investment in...
A company is planning to purchase a machine that will cost $32,400, have a six-year life, and be depreciated over a three-year period with no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? $132.000 Sales Cost: Manufacturing Depreciation on machine Selling and administrative expenses $53,400 5,400 44,000 (102,800) Income before...
o d curendar year unless otherwise statet 1. Your company uses the DDB method. Assets purchased betweeththey were depreciated for the entire month; assets purchased after the 15m as acquired the ollowing month. On May 1,20X1, it purchases for s253 with a useful life of 12 years and a salvage value of $10,000. book value at the end of 20X2? 1st and 15th are though they were he machine's $250,000 a machi What is the machine's ne a. $173,611 b....
One year ago, your company purchased a machine used in manufacturing for $120,000. You have learned that a new machine is available that offers many advantages; you can purchase it for $200,000 today. It will be depreciated on a straight-line basis over 5 years, after which it has no salvage value. You expect that the new machine will produce EBITDA (earnings before interest, taxes, depreciation, and amortization) of $100,000 per year for the next 5 years. The current machine is...
One year ago, your company purchased a machine used in manufacturing for $120,000. You have learned that a new machine is available that offers many advantages; you can purchase it for $200,000 today. It will be depreciated on a straight-line basis over 5 years, after which it has no salvage value. You expect that the new machine will produce EBITDA (earnings before interest, taxes, depreciation, and amortization) of $100,000 per year for the next 5 years. The current machine is...
Check my work Problem 7-5B Determine depreciation under three methods (L07-4) The following information applies to the questions displayed below.] Part 2 of 3 Cheetah Copy purchased a new copy machine. The new machine cost $108,000 including installation. The company estimates the equipment will have a residual value of $27,000. Cheetah Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Year 1.66 paints Hours Used 3,000...
On July 1, 20X1, ZipCo, which uses UOP depreciation, purchases for $36,000 a truck with an estimated useful life of 60,000 miles and a residual value of $6,000. Miles driven are as follows: Year 20x1 20X2 20x3 20x4 20x5 Miles 5,000 10,000 20,000 25,000 30,000 The book value of the truck on December 31, 20X3 is: Your company uses the DDB method. Assets purchased between the 1st and 15th are depreciated for the entire month; assets purchased after the 15th...
2. A firm is contemplating the purchase of new automated plant costing $240,000 to replace an existing machine that can be sold for $110,000 today. The existing machine (which can continue to be operated for a further four years) was purchased one year ago for $100,000 and is being depreciated over its five-year life. For each year of its life the new plant's technology will allow the firm to reduce annual expenses by $80,000. Annual sales will remain at the...
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