Show complete solution. Do not use excel

A dump truck costs $ 50 000 lasts 12 years with a salvage value of $ 5000. If the owner decides to sell it after using for 5 years, what should be his price be so that he will not lose or gain financially in the transaction? Use declining balance method for Depreciation.

a. 20 094

b. 22 176

c. 19 115

d. 29 906

ABC company makes its policy that for every new equipment purchased, the annual depreciation should not exceed 10% of the first cost at any time without salvage value. Determine the length of service if depreciation used is the DBB Method.

a. 20 years

b. 19 years

c. 15 years

d. 18 years

e. other (your solution)

A table planner machine which costs P 50 000 when brand new has a salvage value of P 4000 pesos and is expected to lasts for 23 000 hours in a period of 5 years. In the first year of service it was used for x hours. What is the value of x if the book value of the machine at the end of first year is P 36 000?

a. 7000

b. 6200

c. Other (your solution)

A certain equipment has a first cost of P 12 000 and a salvage value of P 500 at the end of x years. What is the value of x if the total depreciation after 3 years using the Straight Line Method is P 4 928.6

a. 8

b. 5

c. Other (your solution)