Question: MANUAL SOLUTION PLS! NO TO EXCEL 1. An asset for drilling was purchased and placed in service by a petroleum production company. Its cost basis

MANUAL SOLUTION PLS! NO TO EXCEL 1. An asset for drilling

MANUAL SOLUTION PLS!

NO TO EXCEL

1. An asset for drilling was purchased and placed in service by a petroleum production company. Its cost basis is $60,000, and it has an estimated market value of $12,000 at the end of an estimated useful life of 14 years. Compute the depreciation amount and the BV for the first five years of life using a) Sinking Fund method using i=8%, and b) SYD method 2. A new mixer is expected to process 4 million yd of concrete over 10-year life time. Determine depreciation for year 1 when 400,000 yd is processed. Cost of mixer was $175,000 with no salvage expected. Ac Go

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