ME3

Term used for asset value after some depreciation has been charged
adjusted basis

Measure the reduction in value of intangible assets

Amortization

Remaining undepreciated capital investment in a year

BOOK VALUE

Worth of a property as shown in the accounting records of an enterprise

BOOK VALUE

Decrease in the value of a property due to the gradual extraction of its contents
DEPLETION

Measure of the rate of exhaustion of natural assets or resources

Depletion

Is the measure of value loss of fixed assets

DEPRECIATION

The decrease in the value of a physical property with the passage of time
DEPRECIATION

The process of decline in the property value over time

DEPRECIATION

Is the fraction of the first cost removed by depreciation each year

Depreciation rate

Length of time during which the property may be operated at a profit

ECONOMIC LIFE

The essence of this method is the depreciation by the chosen rate, depending on the type of
property
Fixed percentage

Lessening of the demand for the use of a property for which it was designed
FUNCTIONAL DEPRECIATION
Amount a willing buyer will pay to a willing seller for the property
MARKET VALUE

Amount realizable if asset were sold on open market

MARKET VALUE

Another term used for DECLINING BALANCE

MATHESON FORMULA

Assumes that the annual loss in value is a fixed percentage of the salvage value at the beginning
of the year
DECLINING BALANCE

Depreciation is charged at fixed rate on the reducing balance

DECLINING BALANCE

Means a reduction of usefulness of assets due to technological changes or change in market

demand
Obsolescence

Refers to reduction of usefulness of assets due to technological changes

Obsolescence

Possessions of company used to conduct business

PERSONAL PROPERTY

Depreciation due to the lessening of the physical ability of a property to produce results
PHYSICAL

Length of time during which the property is capable of performing the function it was designed
and manufactured
PHYSICAL LIFE

Is the depreciable life of the asset in years

Recovery period

Is the estimated trade-in value at the end of an asset’s useful life

Salvage value

Price that can be obtained from the sale of a property after it has been used
Salvage value
The amount a property would sell for if disposed off as junk
SCRAP VALUE

At the estimated expiry useful life of the asset, the amount of depreciation each year is invested
in easily realizable securities which can be readily available for the replacement of the asset
Sinking Fund

Assumes that funds will accumulate for replacement of the property

SINKING FUND

Assumes that the loss in value is directly proportional to the age of the property
STRAIGHT LINE

Is a constant charge method in solving for depreciation

STRAIGHT LINE

Method applied for measuring allocation of fall in value of assets with constant annual charge
Straight Line

Is assumed that an asset value decreases continuously over the years by a constantly decreasing
value which is associated with the number of years of an asset use only in the reverse order
Sum of Years Digits

Under this method the amount of depreciation to be charged to the Profit and Loss Account goes
on decreasing every year throughout the life of the asset
Sum of Years Digits

Refers to the first cost plus any other depreciable costs that make the asset ready for operation
UNADJUSTED BASIS

Total first cost of asset

UNADJUSTED BASIS

A construction company decided to purchase a concrete mixer truck for $85,000 with a trade-in
of their old mixer. The old mixer has a trade-in value of $10,000. The new mixer will be kept for
10 years before being sold. Its estimated salvage value at that time is expected to be $5,000.
Assume interest to be 12%. Determine the 7th year BVB by Sinking Fund Method.
53,380.65

A construction company decided to purchase a concrete mixer truck for $85,000 with a trade-in
of their old mixer. The old mixer has a trade-in value of $10,000. The new mixer will be kept for
10 years before being sold. Its estimated salvage value at that time is expected to be $5,000.
Assume interest to be 12%. Determine the 7th year total depreciation by Sinking Fund Method.
51,742.25

A construction company decided to purchase a concrete mixer truck for $85,000 with a trade-in
of their old mixer. The old mixer has a trade-in value of $10,000. The new mixer will be kept for
10 years before being sold. Its estimated salvage value at that time is expected to be $5,000.
Assume interest to be 12%. Determine the 5th year BVB by Sinking Fund Method.
70,488.86

A construction company decided to purchase a concrete mixer truck for $85,000 with a trade-in
of their old mixer. The old mixer has a trade-in value of $10,000. The new mixer will be kept for
10 years before being sold. Its estimated salvage value at that time is expected to be $5,000.
Assume interest to be 12%. Determine the 5th year total depreciation by Sinking Fund Method.
32,581.05

A construction company decided to purchase a concrete mixer truck for $85,000 with a trade-in
of their old mixer. The old mixer has a trade-in value of $10,000. The new mixer will be kept for
10 years before being sold. Its estimated salvage value at that time is expected to be $5,000.
Assume interest to be 12%. Determine the 8th year BVB by Sinking Fund Method.
43,257.75

A construction company decided to purchase a concrete mixer truck for $85,000 with a trade-in
of their old mixer. The old mixer has a trade-in value of $10,000. The new mixer will be kept for
10 years before being sold. Its estimated salvage value at that time is expected to be $5,000.
Assume interest to be 12%. Determine the 8th year total depreciation by Sinking Fund Method.
63,079.9

A property that is book-depreciated over a 5-year period by the SLM has $62,000 book value on
the 3rd year with a depreciation charge of $26,000 per year. Determine the first cost of the
property.
140,000

A property that is book-depreciated over a 5-year period by the SLM has $62,000 book value on
the 3rd year with a depreciation charge of $26,000 per year. Determine the assumed salvage
value of the property.
10,000

An engineer bought an equipment at P2,500,000. Delivery, installation, permits, etc. total

P1,200,000. After 10years, it will sell for P500,000. By DBM, (approximate k to 2 decimal places)
determine the total depreciation charge on its 5th year.
2,328,262.58
SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 5th year BVB by Straight Line Method.
59,000

SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 6th year BVB by Straight Line Method.
50,000

SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 7th year BVB by Straight Line Method.
41,000

SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 8th year BVB by Straight Line Method.
32,000

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 5th year BVB by Sinking Fund Method.
70,488.86

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 6th year BVB by Sinking Fund Method.
62,418.95

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 7th year BVB by Sinking Fund Method.
53,380.65

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 8th year BVB by Sinking Fund Method.
43,257.75

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 5th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
29,256.49

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 6th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
21,794.49

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 7th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
16,235.72

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 8th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
12,094.73

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 5th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
38,912

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 6th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
31,129.6

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 8th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
19,922.94

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 8th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
19,922.94

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 5th year BVB by Sum of Years Digit Method.
39,363.64

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 6th year BVB by Sum of Years Digit Method.
29,545.45

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 7th year BVB by Sum of Years Digit Method.
21,363.64

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $20,000. The new mixer will be
kept for 10 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 10%. Determine the 8th year BVB by Sum of Years Digit Method.
14,818.18

SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 5th year BVB by Straight Line Method.
61,466.67

SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 6th year BVB by Straight Line Method.
56,333.33
SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 7th year BVB by Straight Line Method.
51,200

SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 8th year BVB by Straight Line Method.
46,066.67

SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 9th year BVB by Straight Line Method.
40,933.33

SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 10th year BVB by Straight Line Method.
35,800

SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 11th year BVB by Straight Line Method.
30,666.67

SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 12th year BVB by Straight Line Method.
25,533.33

SLM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 13th year BVB by Straight Line Method.
20,400

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 5th year BVB by Sinking Fund Method.
72,128.46

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 6th year BVB by Sinking Fund Method.
68,878.41

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 7th year BVB by Sinking Fund Method.
65,238.35

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 9th year BVB by Sinking Fund Method.
56,595.4

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 9th year BVB by Sinking Fund Method.
56,595.4

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 10th year BVB by Sinking Fund Method.
51,481.38

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 11th year BVB by Sinking Fund Method.
45,753.68

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 12th year BVB by Sinking Fund Method.
39,338.65

SFM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 13th year BVB by Sinking Fund Method.
32,153.82

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 5th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
38,891.57

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 6th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
32,274.97

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 7th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
26,784.05

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 8th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
22,227.3

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 9th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
18,445.78

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 10th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
15,307.62

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 12th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
10,542.13

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 13th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
8,748.6

DBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 11th year BVB by Declining Balance Method
(round-off k to 4 decimal places).
12,703.34

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 5th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
46,261.77

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 6th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
40,093.53

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 7th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
34,747.73

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 8th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
30,114.7

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 9th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
26,099.4

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 10th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
22,619.48

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 11th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
19,603.55

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 12th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
16,989.75

DDBM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 13th year BVB by Double Declining Balance
Method (round-off k to 4 decimal places).
14,724.45

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 5th year BVB by Sum of Years Digit Method.
47,350

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 7th year BVB by Sum of Years Digit Method.
33,875

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 6th year BVB by Sum of Years Digit Method.
40,291.67

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 8th year BVB by Sum of Years Digit Method.
28,100

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 9th year BVB by Sum of Years Digit Method.
22,966.67

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 10th year BVB by Sum of Years Digit Method.
18,475

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 11th year BVB by Sum of Years Digit Method.
14,625

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 12th year BVB by Sum of Years Digit Method.
11,416.67

SYDM: A construction company decided to purchase a concrete mixer truck for $75,000 with a
trade-in of their old mixer. The old mixer has a trade-in value of $7,000. The new mixer will be
kept for 15 years before being sold. Its estimated salvage value at that time is expected to be
$5,000. Assume interest to be 12%. Determine the 13th year BVB by Sum of Years Digit Method.
8,850
SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$52,400 book value on the 3rd year with a depreciation charge of $7,200 per year. Determine the
first cost of the property.
74,000

SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$45,200 book value on the 4th year with a depreciation charge of $7,200 per year. Determine the
first cost of the property.
74,000

SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$38,000 book value on the 5th year with a depreciation charge of $7,200 per year. Determine the
first cost of the property.
74,000

SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$30,800 book value on the 6th year with a depreciation charge of $7,200 per year. Determine the
first cost of the property.
74,000

SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$23,600 book value on the 7th year with a depreciation charge of $7,200 per year. Determine the
first cost of the property.
74,000

SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$16,400 book value on the 8th year with a depreciation charge of $7,200 per year. Determine the
first cost of the property.
74,000

SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$52,400 book value on the 3rd year with a depreciation charge of $7,200 per year. Determine the
assumed salvage value of the property.
2,000

SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$45,200 book value on the 4th year with a depreciation charge of $7,200 per year. Determine the
assumed salvage value of the property.
2,000

SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$38,000 book value on the 5th year with a depreciation charge of $7,200 per year. Determine the
assumed salvage value of the property.
2,000

SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$30,800 book value on the 6th year with a depreciation charge of $7,200 per year. Determine the
assumed salvage value of the property.
2,000

SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$23,600 book value on the 7th year with a depreciation charge of $7,200 per year. Determine the
assumed salvage value of the property.
2,000

SLM: A property that is book-depreciated over a 10-year period by the Straight Line Method has
$16,400 book value on the 8th year with a depreciation charge of $7,200 per year. Determine the
assumed salvage value of the property.
2,000

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$60,636.03 book value on the 3rd year with a depreciation charge of $3,960.40 per year.
Determine the first cost of the property at i=12%.
74,000

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$55,071.95 book value on the 4th year with a depreciation charge of $3,960.40 per year.
Determine the first cost of the property at i=12%.
74,000

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$48,840.19 book value on the 5th year with a depreciation charge of $3,960.40 per year.
Determine the first cost of the property at i=12%.
74,000.01

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$41,860.61 book value on the 6th year with a depreciation charge of $3,960.40 per year.
Determine the first cost of the property at i=12%.
74,000
SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$34,043.48 book value on the 7th year with a depreciation charge of $3,960.40 per year.
Determine the first cost of the property at i=12%.
74,000

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$25,288.30 book value on the 8th year with a depreciation charge of $3,960.40 per year.
Determine the first cost of the property at i=12%.
74,000

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$60,636.03 book value on the 3rd year with a depreciation charge of $3,960.40 per year.
Determine the assumed salvage value of the property at i=12%.
4,499.99

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$55,071.95 book value on the 4th year with a depreciation charge of $3,960.40 per year.
Determine the assumed salvage value of the property at i=12%.
4,499.99

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$48,840.19 book value on the 5th year with a depreciation charge of $3,960.40 per year.
Determine the assumed salvage value of the property at i=12%.
4,500

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$41,860.61 book value on the 6th year with a depreciation charge of $3,960.40 per year.
Determine the assumed salvage value of the property at i=12%.
4,499.99

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$34,043.48 book value on the 7th year with a depreciation charge of $3,960.40 per year.
Determine the assumed salvage value of the property at i=12%.
4,499.99

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has
$25,288.30 book value on the 8th year with a depreciation charge of $3,960.40 per year.
Determine the assumed salvage value of the property at i=12%.
4,499.99

DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $27,208.81 book value on the 3rd year. Determine the first cost of the property (round-off k
to 4 decimal places).
69,999.99
DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $19,856.99 book value on the 4th year. Determine the first cost of the property (round-off k
to 4 decimal places).
69,999.99

DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $14,491.63 book value on the 5th year. Determine the first cost of the property (round-off k
to 4 decimal places).
69,999.98

DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $10,575.99 book value on the 6th year. Determine the first cost of the property (round-off k
to 4 decimal places).
69,999.97

DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $7,718.36 book value on the 7th year. Determine the first cost of the property (round-off k to
4 decimal places).
70,000

DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $5,632.86 book value on the 8th year. Determine the first cost of the property (round-off k to
4 decimal places).
70,000.01

DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $27,208.81 book value on the 3rd year. Determine the assumed salvage value of the property
(round-off k to 4 decimal places).
3,000.11

DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $19,856.99 book value on the 4th year. Determine the assumed salvage value of the property
(round-off k to 4 decimal places).
3,000.11

DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $14,491.63 book value on the 5th year. Determine the assumed salvage value of the property
(round-off k to 4 decimal places).
3,000.11

DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $10,575.99 book value on the 6th year. Determine the assumed salvage value of the property
(round-off k to 4 decimal places).
3,000.11
DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $7,718.36 book value on the 7th year. Determine the assumed salvage value of the property
(round-off k to 4 decimal places).
3,000.11

DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method
has $5,632.86 book value on the 8th year. Determine the assumed salvage value of the property
(round-off k to 4 decimal places).
3,000.11

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $35,840 book value on the 3rd year. Determine the first cost of the property
(round-off k to 4 decimal places).
70,000

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $28,672 book value on the 4th year. Determine the first cost of the property
(round-off k to 4 decimal places).
70,000

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $22,937.60 book value on the 5th year. Determine the first cost of the
property (round-off k to 4 decimal places).
70,000

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $18,350.08 book value on the 6th year. Determine the first cost of the
property (round-off k to 4 decimal places).
70,000

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $14,680.06 book value on the 7th year. Determine the first cost of the
property (round-off k to 4 decimal places).
69,999.98

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $35,840 book value on the 3rd year. Determine the assumed salvage value
of the property (round-off k to 4 decimal places).
7,516.19

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $35,840 book value on the 3rd year. Determine the assumed salvage value
of the property (round-off k to 4 decimal places).
7,516.19
DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $28,672 book value on the 4th year. Determine the assumed salvage value
of the property (round-off k to 4 decimal places).
7,516.19

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $22,937.60 book value on the 5th year. Determine the assumed salvage
value of the property (round-off k to 4 decimal places).
7,516.19

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $18,350.08 book value on the 6th year. Determine the assumed salvage
value of the property (round-off k to 4 decimal places).
7,516.19

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $14,680.06 book value on the 7th year. Determine the assumed salvage
value of the property (round-off k to 4 decimal places).
7,516.19

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining
Balance Method has $11,744.05 book value on the 8th year. Determine the assumed salvage
value of the property (round-off k to 4 decimal places).
7,516.19

SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $9,745.45 depreciation charge and $37,109.09 book value on the 3rd year.
Determine the first cost of the property.
69,999.98

SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $8,527.27 depreciation charge and $28,581.82 book value on the 4th year.
Determine the first cost of the property.
70,000

SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $7,309.09 depreciation charge and $21,272.73 book value on the 5th year.
Determine the first cost of the property.
70,000

SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $6,090.91 depreciation charge and $15,181.82 book value on the 6th year.
Determine the first cost of the property.
70,000.01
SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $4,872.73 depreciation charge and $10,309.09 book value on the 7th year.
Determine the first cost of the property.
70,000.03

SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $3,654.55 depreciation charge and $6,654.55 book value on the 8th year. Determine
the first cost of the property.
70,000.08

SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $3,654.55 depreciation charge and $6,654.55 book value on the 8th year. Determine
the assumed salvage value of the property.
3,000

SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $4,872.73 depreciation charge and $10,309.09 book value on the 7th year.
Determine the assumed salvage value of the property.
3,000

SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $6,090.91 depreciation charge and $15,181.82 book value on the 6th year.
Determine the assumed salvage value of the property.
3,000

SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $7,309.09 depreciation charge and $21,272.73 book value on the 5th year.
Determine the assumed salvage value of the property.
3,000.01

SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $8,527.27 depreciation charge and $28,581.82 book value on the 4th year.
Determine the assumed salvage value of the property.
3,000

SYDM: A property that is book-depreciated over a 10-year period by the Sum of Years Digit
Method has $9,745.45 depreciation charge and $37,109.09 book value on the 3rd year.
Determine the assumed salvage value of the property.
3,000.02