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7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.?
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7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for R...
Purchased a new machine for $50,000. The machine is expected to have a useful life of 5 years and a salvage value of $10,000. Using the straight-line method, calculate the annual depreciation expense for the machine.
The annual depreciation expense can be calculated using the following formula:
Depreciation expense = (Cost of asset - Salvage value) / Useful life
In this case, the cost of the machine is $50,000, the salvage value is $10,000, and the useful life is 5 years.
Depreciation expense = ($50,000 - $10,000) / 5
Depreciation expense = $8,000 per year
Therefore, the annual depreciation expense for the machine is $8,000.
The annual depreciation expense can be calculated using the following formula:
Depreciation expense = (Cost of asset - Salvage value) / Useful life
In this case, the cost of the machine is $50,000, the salvage value is $10,000, and the useful life is 5 years.
Depreciation expense = ($50,000 - $10,000) / 5
Depreciation expense = $8,000 per year
Therefore, the annual depreciation expense for the machine is $8,000.
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7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.?
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7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.?.
7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.?.
Solutions for 7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.? in English & in Hindi are available as part of our courses for B Com.
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7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.?, a detailed solution for 7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.? has been provided alongside types of 7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.? theory, EduRev gives you an
ample number of questions to practice 7 DEPRECIATION: On March 1, 2002 Baber & Co. purchased a machine for Rs.62,000 Cash. The estimated scrap value was Rs.4,000 and the estimated life was 8 years. computes depreciation by the Straight line method After using the machine for four months, it was serviced and repaired on July 1, 2002 at a cost of Rs.3,000. The Company sold the machine on October 1, 2004 for Rs.54,300 Cash.? tests, examples and also practice B Com tests.
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