# St. line depreciation & salvage value

36,477 results

### Straight-line Depreciation

Please how do i calculate this problem. An asset was purchased for $150,000. It had an estimated salvage value of $30,000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $24,000 but the estimated useful life is ...

### programming

3. Your company needs to depreciate its assets. The accountant wants to record the purchase price, the useful life, and the estimated salvage value. Your program should be able to depreciate by the straight-line method. For example, a computer system was purchased for $25,000...

### Accounting

ABC company purchased machine for $300,000 that had a useful life of 5 years, with a salvage value of $50,000 at the end its life. Depreciation was calculated over 2 years on straight-line basis. In 20X2, it determined that the total life should be 10 years with the salvage ...

### accounting

How do i calculate this problem. An asset was purchased for $150,000. It had an estimated salvage value of $30,000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $24,000 but the estimated useful life is unchanged. ...

### Accounting

In 20X0, ABC company purchased machine for $300,000 that had a useful life of 5 years, with a salvage value of $50,000 at the end its life. Depreciation was calculated over 2 years on straight-line basis. In 20X2, it determined that the total life should be 10 years with the ...

### accounting

1-On May 1, 2012, Pinkley Company sells office furniture for $150,000 cash. The office furniture originally cost $375,000 when purchased on January 1, 2005. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $37,500. What depreciation ...

### Math

A company buys an office machine for $5200 on January 1 of a given year. the machine is expected to last for eight years at the end of which time its trade in value or salvage value will be 1100$. if the company figures the decline in value to be the same each year than the ...

### Math (calculus )

A company buys an office machine for $5200 on January 1 of a given year. the machine is expected to last for eight years at the end of which time its trade in value or salvage value will be 1100$. if the company figures the decline in value to be the same each year than the ...

### financial managment

Inventory and Depreciation Concepts Assume that an organization purchased two pieces of equipment on April 1st (the first day of its fiscal year), as follows: (1) One laboratory equipment that cost $530,000 and has an expected life of 8 years. The salvage value is 10 percent ...

### Accounting

A truck was purchased for $25,000. It has a six-year life and a $4,000 salvage value. Using straight-line depreciation, what is the asset’s carrying value (book value) after 2 years?

### Business Math

(DEPRECIATION SCHEDULE E) E.Office furniture for a set of executive suites costs $12,000.00 and should be replaced after 5-years. The salvage value is $3,000. Prepare a depreciation schedule using a double-declining balance rate for the system. It should include the following ...

### finacial managment

Assignment Exercise: Inventory and Depreciation Concepts Assume that an organization purchased two pieces of equipment on April 1st (the first day of its fiscal year), as follows: (1) One laboratory equipment that cost $530,000 and has an expected life of 8 years. The salvage ...

### St. line depreciation & salvage value

A USED CONCRETE PUMPING TRUCK CAN BE PURCHASED FOR 125,000 DOLLARS. THE OPERATING COST ARE EXPECTED TO BE 65,000 DOLLARS AT THE FIRST YEAR & INCREASE BY 5% EACH YAER THEREAFTER. AS A RESULT OF THE PURCHASE, THE COMPANY WILL SEE IN INCREASE IN INCOME OF 100,000 DOLLARS THE ...

### St. line depreciation & salvage value

A used concrete pumping truck can be purchased for 125,000 dollars. The operating cost are expected to be 65,000 dollars at the first year & increase by 5% each yaer thereafter. As a result of the purchase, the company will see in increase in income of 100,000 dollars the ...

### Accounting

On 2015 January 1, Jackson Company purchased equipment for $440,000. The equipment has an estimated useful life of 10 years and an estimated salvage value of $40,000. If Jackson uses the straight-line depreciation method, what is the depreciation expense for 2015?

### Accounting

Identify each statement as true or false. If false, indicate how to correct the statement. 1. Depreciation is a process of asset valuation, not cost allocation. 2. Depreciation provides for the proper matching of expenses with revenues. 3. The book value of a plant asset ...

### Financial Accounting

Hi, Sorry for this format, it's kind of hard to read, but I'm supposed to journalize these transactions and I can't get June 30th and Dec. 31st to work out correctly. I would greatly appreciate any help. Thanks! Jan. 1 Retired a piece of machinery that was purchased on January...

### accounting

On January 1, 2004, Carnival Shipping bought a machine for $1,500,000. At that time, this machine had an estimated useful life of six years, with no salvage value. As a result of additional information, Carnival determined on January 1, 2007, that the machine had an estimated ...

### Tax Accounting

Mike purchases a heavy-duty truck (5-year class recovery property) for his delivery service on April 30, 2010. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations. The truck has a depreciable basis of $39,080...

### managerial accounting

Equipment reported in the December 31, 2013, balance sheet was purchased in January 2013. It is being depreciated over eight years under the straight-line method with no salvage value. The following amounts for new equipment purchases are planned in the coming quarter: January...

### federal tax

Carl bought a heavy-duty truck (5-year class recovery property) for his business service on April 30. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations. The truck has a depreciable basis of $39,080 and an ...

### Math

An asset is purchased for$50,000.It has an estimated useful life of 12 years and a salvage value of $5,000. What is the annual depreciation of the asset using the straight-line method?

### Intermediate Accounting

Gerald Engle hart Industries changed room the double-declining balance to the straight-line method in 2008 on all its plant assets. There was no change in the assets' salvage values or useful lives. Plant assets, acquired on January 2, 2005, had an original cost of $1,600,000...

### Algebra

A light truck is purchased on January 1 at a cost of $19,000. It is expected to serve for five years and have a salvage value of $1,000. Calculate the depreciation expense for the first and third years of the truck's life using the following methods: Depreciation Expense Year ...

### accounting

A light truck is purchased on January 1 at a cost of $27,000. It is expected to serve for eight years and have a salvage value of $3,000. Calculate the depreciation expense for the first and third years of the truck's life using the following methods. If required, round your ...

### accounting-depreciation

state-of-the-art MRI machine to be purchased on 01-01-09 for a cost of $1,250,000 with a useful life of 6 years and an expected salvage value of $35,000. I need to calculate depreciation for the entire 6 year period using SL, SYD, DDB, and MARCS. For SL and SYD, calculate and ...

### Accounting 220

On January 1, 2014, Muoy Machining Co. purchased a compressor and related installation equipment for $72,500. The equipment had a three-year estimated life with a $12,500 salvage value. Straight-line depreciation was used

### Business Math

(DEPRECIATION SCHEDULE A) A. A $1200 postage printing system depreciated using the straight-line method over 4-years. In your depreciation schedule, give the following information for each year: 1.The year's depreciation 2.The accumulated depreciation 3.The year's end-of-book ...

### accounting

James, Inc. discovered that equipment purchased three years ago for $600,000 will not last as long as originally estimated. The firm was depreciating the equipment at the rate of $80,000 per year with an estimated salvage value of $40,000. New estimates indicate that the ...

### Finance

Calculate the double-declining balance depreciation schedule for a $2,000 item that will last five years. What is the estimated salvage value?

### Accounting Concepts

To close the accounting cycle for Joe Smith's business, complete the following: Journalize and post the adjusting entries for Joe's business. Make the following adjusting entries: (Note: you may need to create additional ledger accounts) Adjustment for expired insurance ...

### financial accounting

eckman company purchased equipment for $80,000 on january 1,2011 and will use the double declining balance method of depreciation. it is estimated that the equipment will have a 5 year life and a $4,000 salvage value at the end of its useful life. the amount of depreciation ...

### c++

MACHINE PROBLEMS #2 1. Create a C++ program that would input the following data about a merchandise: Product Number, Item Description, Original Price, Estimated Years of used of a Merchandise, Salvage Value of Merchandise. Compute the Depreciation and Rate of Depreciation of ...

### Business Math

Jim Company bought a machine for $36,000with an estimated lofe of 5 years. The residual value of the machine is $6,000 Calculate (a) the annual depreciation and (b) the book value at the end of year 3. Assume straight-line depreciation

### Finance

What's the net present value (NPV) of this replacement project? The old equipment has a book value of $200,000 (year 0) and a current salvage value of $300,000 (year 0). It is being depreciated on a straight-line basis. It has four more years of depreciation left ($50,000 in ...

### Business

What is the net present value (NPV) of this replacement project? The old equipment has a book value of $200,000 (year 0) and a current salvage value of $300,000 (year 0). It is being depreciated on a straight-line basis. It has four more years of depreciation left ($50,000 in ...

### Accounting

Sierra Company is considering a long-term investment project called ZIP. ZIP will require an investment of $121,200. It will have a useful life of 4 years and no salvage value. Annual revenues would increase by $79,180, and annual expenses (excluding depreciation) would ...

### accountancy

on july 1,2011 ,Ashok ltd. purchased a machine for Rs. 108000 and spent Rs . 12000 on its installation .At the time of purchase it is estimated that its working life is 12 years and after 12 years its salvage value will be Rs.12000. prepare machinery account and depreciation ...

### Accounting

How do i calculate this problem. An asset was purchased for $73,000, current acc'd depreciation is $13,800, asset is expected to have a useful life of 8 years, and be sold for an estimated $600, what is the new annual depreciation amount, here is my computation Purchase price...

### finance

Wheel Industries is considering a three-year expansion project. The project requires an initial investment of $1.5 million. The project will use straight-line depreciation method. The project has no salvage value. It is estimated that the project will generate additional ...

### Math

An asset is purchased for $50,000. It has an estimated useful life of eight years and salvage value of $6,000.if the asset is depreciated using the double-declining balance method,what are the depreciation expense and book value at the end of year two?

### Math

A delivery truck is purchased for $38,000 has a salvage value of $6,000 and is depreciated using MACRS.what is the first-year depreciation expense?

### Finance

Michigan Corporation purchased a new truck on January 1, 2013 for $55,000 cash. Michigan estimated salvage value of $10,000 at the end of the useful life of 5 years. On January 1, 2015 Michigan had to replace the engine of the truck paying $4,500 cash. Due to the replaced ...

### Accounting

Bus Acquired Cost Salvage Value Useful Life in Years 1 1/1/13 $98,100 8,000 5 (straight-line) 2 1/1/13 129,000 11,900 5 (decline balance) 3 1/1/14 79,780 8,200 4 (units-of-activity) For the declining-balance method, the company uses the double-declining rate. For the units-of-...

### Accounts

The following details relates to the two machines X and Y: Machine X Machine Y Cost Estimated Life Estimated salvage value Working Capital required in the beginning Rs. 56,125 Rs.56,125 5 years 5 years Rs. 3,000 Rs. 3,000 Rs.10,000 Rs. 20,000 Annual income after tax and ...

### accounting

Quayle Company acquired machinery on January 1, 2002 which it depreciated under the straight-line method with an estimated life of fifteen years and no salvage value. On January 1, 2007, Quayle estimated that the remaining life of this machinery was six years with no salvage ...

### Bio Help Please

1)How can you indicate that the bacteria have taken up the plasmid? 2)What is the purpose of the LB/amp(-) plate? Should there be bacterial growth on the plate? 3) Why would one compare plates LB/amp (-) and LB/amp (+)?

### Bio Help Please!!!

1)How can you indicate that the bacteria have taken up the plasmid? 2)What is the purpose of the LB/amp(-) plate? Should there be bacterial growth on the plate? 3) Why would one compare plates LB/amp (-) and LB/amp (+)?

### accounts

Stuck Stucky purchased a new truck on July 1, 2005 at a cost of $20,000. The truck had a life of 7 years and salvage of $6,000.00. Using the straight-line method, record the following:- 1. The purchase on July 1, 2005 2. The Depreciation for 2005 3. What is the book value of ...

### finance

how do we end up with salvage value if the item is depreciated the cost of the item either over a period of years or all in one year? How does salvage value work?

### business math

A delivery truck is purchased for $38,000, has a salvage value of $6,000 and is depreciated using MACRS. What is the first-year depreciation expense? (Points: 5) $4,578.80 $5,430.20 $7,600.00 $15,200.00

### Math

The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining balance method.

### Math

The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining balance method.

### ashworth

The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining balance method.

### Finance

Wheel Industries is considering a three year expansion project. The project requires an initial investment of $1.5 million. The project will use straight line depreciation method. The project has no salvage value. It is estimated that the project will generate additional ...

### finance

Consider a 2 yr project with initial fixed asset investment=$495,000, straight line depreciation to zero over the 2 yr life, zero salvage value, selling price =$39, variable costs=$20. fixed costs=$210,000, quantity sold=150,000 units, tax rate=31%. How sensitive is (OCF) to ...

### accounting

jim reed manages a fleet of utility trucks for a rural county government. He's been in his job 30 years, and he knows where the angles are. He makes sure that when new trucks are purchased, the salvage is set as low as possible. Then, when they become fully depreciated they ...

### business

In recent years, Juresic Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Bus Acquired Cost Salvage Value Useful Life ...

### math

In recent years, Juresic Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Bus Acquired Cost Salvage Value Useful Life ...

### calculus

a small business owner buys a truck for $20,000 to transport supplies for her business. She anticipates that she will use the truck for 5 years and that the truck will be worth $10,000 in 5 years. She plans to claim a depreciation tax credit using the straight-line ...

### accounting

A company purchased and installed a machine on January 1 at a total cost of $72,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The machine was disposed of on July 1 of the fourth year. The company uses the ...

### acounting

A company purchased and installed a machine on January 1 at a total cost of $72,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The machine was disposed of on July 1 of the fourth year. The company uses the ...

### ACCOUNTING

Same Day Service purchased a new steam press on January 1, for #35,000. It is expected to have a five year useful life and a $3,000 salvage value same day expects to use the steam press more extensively in the early years of its life. 1.Calculate the depreciation expense for ...

### accounting

The capital expenditures budget shows that Valley must purchase $50,000 of equipment on January 1 to establish the new center. Valley will pay for the equipment on January 31. The equipment is expected to have a 8-year useful life and a $2,000 salvage value and will depreciate...

### math

A company car is purchased for Rs 23580 and is expected to be driven 95000 miles before being sold.The expected salvage value for the car is Rs 2300.Find the unit depreciation for the car.

### accounting

Timberly Construction negotiates a lump-sum purchase of several assets from a company that is going out of business. The purchase is completed on January 1, 2013, at a total cash price of $820,000 for a building, land, land improvements, and four vehicles. The estimated market...

### Precalculus

A small business owner buys a truck for $20,000 to transport supplies for her business. She anticipates that she will use the truck for 5 years and that the truck will be worth $10,000 in 5 years. She plans to claim a depreciation tax credit using the straight-line ...

### Accounting

I am trying to figure out if I am doing this accounting problem correctly? Old van was purchased 5 years ago at 20,000. estimated life was 5years with salvage value of 5,000. van has to have repairs enging and tranny for 4000 and will extend life of van by 5years. new tires ...

### Co-operate Finance

As the investment analyst for King breweries you are required to analyze the automated loom system in the Castle larger production line. The old system was purchased 5 years ago for $200,000. It falls in the accelerated cost recovery 5 year class and it has 5 years of ...

### math

using problem 17-21 calculate the first 2 years depreciation assuming the units of production method. this machine is expceted to produce 120,000 units. in year 1 it produced 19,000 units and in year 2 38,000 units problem 17-21 Jim company bought a machine for $36,000 with an...

### math

using problem 17-21 calculate the first 2 years depreciation assuming the units of production method. this machine is expceted to produce 120,000 units. in year 1 it produced 19,000 units and in year 2 38,000 units problem 17-21 Jim company bought a machine for $36,000 with an...

### biology

Which bacterial plates control for: 1) If the E. coli cells were transferred correctly: 2) If the E. coli cells can grow on LB: 3) If the Ampicillin is working correctly: 4) If the “stock” E. coli cells were contaminated with plasmid: Possible choices for each number are...

### Accounting

Brodigan Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment $450,000 Net annual operating cash inflow $220,000 Tax rate 30% After-tax discount rate 12% The expected life of the project and the equipment ...

### Accounting

How would I record this on the "Journal Entry" and at what amount? Information for Year-End Adjusting Journal Entries December 31,2006 1. $71,400 of office equipment was purchased on Jan. 1, 2004. The office equipment is expected to have a useful life of 7 years with no ...

### accounting

On January 1, 2006, Powell Company purchased a building and machinery that have the following useful lives, salvage value, and costs. Building, 25-year estimated useful life, $4,000,000 cost, $400,000 salvage value Machinery, 10-year estimated useful life, $500,000 cost, no ...

### Account 2

a light truck is purchased on january 1 at a cost of $27,000. it is expected to serve for eight years and have a salvage value of $3,000. calculate the depreciation expense for the first and third years of the truck

### finance

Your firm is considering leasing a new radiographic device. The lease lasts for three years. The lease calls for four payments of $25,000 per year with the first payment occurring immediately. The computer would cost $140,000 to buy and would be straight-line depreciated to a ...

### finance

onsider a four-year project with the following information: initial fixed asset investment = $570,000; straight-line depreciation to zero over the four-year life; zero salvage value; price = $30; variable costs = $22; fixed costs = $210,000; quantity sold = 87,000 units; tax ...

### accounting

Computer equipment was acquired at the beginning of the year at a cost of $56,000 that has an estimated residual value of $3,000 and an estimated useful life of 5 years. Determine the 2nd year’s depreciation using straight-line depreciation

### Pre-Calculus

A machine worth $ 11000 new and having a scrap value of $ 10995.6 is to be depreciated over a 4.4 -year life. Find the function that describes straight line depreciation for this situation. At what time will the machine be worth $ 10997.8 according to this model? So I know ...

### Algebra

The value of many things we own depreciates over time. When an asset's value decreases by a fixed amount each year, the depreciation is called straight-line depreciation. Suppose your Ford Escape from Exercise 1 depreciates $1950 per year. a.Let v represent the value of your ...

### corporate financial

check my answer if answer is diffferent show how you got it 1. Firm A uses straight-line depreciation. Firm B uses MACRS depreciation. Both firms bought $100,000 worth of equipment two years ago. The equipment has a 7-year life. Both firms are in the 34 percent tax bracket. ...

### Accounting

On January 1, 2006, Mythical purchased some office equipment, paying $24,000. It is anticipated that the equipment will last 4 years and have a zero salvage value at the end of the four years. 1) Make the adjusting entry for depreciation at the end of year two using the ...

### Math

Lena Horn bought a Toyota Tundra for $30,000 with an estimated life of 5 years. The residual value of the truck is $5,000. Assume a straight line method of depreciation (a) what will be the book value of the truck at the end of year 4 (b) If the chevy truck was bought the ...

### math

Lena Horn bought a Toyota Tundra for $30,000 with an estimated life of 5 years. The residual value of the truck is $5,000. Assume a straight line method of depreciation (a) what will be the book value of the truck at the end of year 4 (b) If tyhe chevy truck was bought the ...

### Business Math

The Tao Inc. purchased an asset for $170,000 with a salvage value of $8,500 have a useful life of four years. Find the depreciation expense for the first year using the 150% declining blance method. a. $63,750 b. $63,500 c. $63,250 or d. $63,000

### Algebra

An equation for the depreciation of a car is given by y = A(1 – r)t , where y = current value of the car, A = original cost, r = rate of depreciation, and t = time, in years. The value of a car is half what it originally cost. The rate of depreciation is 10%. Approximately ...

### accounting

How depreciation and amortization affect the income statement and the profitability of the company as well as its affect on the income taxes a company pays. Also the advantages of an accelerated method of depreciation and how that affects net income, the balance sheet,AS WELL ...

### finance

You have been given the following information on a project: It has a 3-year lifetime The initial investment in the project will be $28 million, and the investment will be depreciated straight line, down to a salvage value of $6 million at the end of the fourth year. The ...

### accounting

Three different companies each purchased a machine on January 1, 2012, for $54,000. Each machine was expected to last five years or 200,000 hours. Salvage value was estimated to be $4000. All three machines were operated for 50,000 hours in 2012, 55,000 hours in 2013, 40,000 ...

### Financial Accounting

E3-30A. Account for depreciation expense. (LO 1, 3). Maximus Dog Company purchased a new supply van on January 1, 2011, for $35,000. The van is estimated to last for five years and will then be sold, at which time it should be worth approximately $5,000. The company uses ...

### Physics

A 60 watt light bulb in a household circuit at 120 V carries a current of 0.500 amp. (An amp was defined in class as a way to measure charge movement. One amp is one coulomb per second.) How many electrons move through this light bulb in five minutes?

### Finance

Gluon Inc. is considering the purchase of a new high pressure glueball. It can purchase the glueball for $110,000 and sell its old low-pressure glueball, which is fully depreciated, for $20,000. The new equipment has a 10-year useful life and will save $24,000 a year in ...

### Algebra

Depreciation: The purchase value of an office computer is $12500. Its annual depreciation is &1875. Find the value of computer after 6 years. Aritmetic Sequence

### Algebra

The general equation for depreciation is given by y = A(1 – r)t, where y = current value, A = original cost, r = rate of depreciation, and t = time, in years. A car was purchased 6 years ago for $25,000. If the annual depreciation rate is 11%, which equation can be used to ...

### accounting

a company purchases a used machine for $178,000 cash on January 2nd and readies it for use the next day at $2,840 cost. On January 3rd, it is installed on a required operating platform costing $1,160, and is further readied for operations. The company predicts the machine will...

### Business Math

A company purchased an air conditioning system for $10,200. Shipping charges on the system are $875. Setup costs were $1,250. The system is expected to last for 5yrs and has a residual value at $2000. If I use the straight-line method to calculate depreciation for this air ...

### Accounting 2

Can someone help me with this problem. At least get me started so I can figure out how to do this. Your manager, Mr. Smith, has asked you to prepare a report, for a client, based on the following inquiry (see below). This report will be reviewed by Mr. Smith and used to ...

### Math

A machine cost $40,000,has a salvage value of $8,000,and is expected to have a useful life of 100,000 hours.if it is utilized for a total of 8,000 hours in year one,what is the depreciation expense based on the unit-of-production-method at the end of the year.