A machine was purchased for $ 8,000, withan estimated useful life of 10 years, and ithas a scrap value of $ 1,000 and rate ofinterest = %1O. Calculate the following:The book value at the end of the ninth yearusing Sum of the Years- Digits method. *The book value at the end of the fourth yearusing constant percentage method. *The depreciation installment for the sixthyear using straight line method. *

THE ACCOUNTING VALUE AFTER deduction of the depreciation amount over the time is called book value.…

Answered: A machine was purchased for $ 8,000,…

A machine was purchased for $ 8,000, with an estimated useful life of 10 years, and it has a scrap value of $ 1,00O0 and rate of interest = %10. Calculate the following:

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Question

A machine was purchased for $ 8,000, with
an estimated useful life of 10 years, and it
has a scrap value of $ 1,000 and rate of
interest = %1O. Calculate the following:
The book value at the end of the ninth year
using Sum of the Years- Digits method. *
The book value at the end of the fourth year
using constant percentage method. *
The depreciation installment for the sixth
year using straight line method. *

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