Social Studies High School

using straight line method. Generate the plots using Microsoft excel.
5. A company has purchased an equipment whose first cost is BD 1,000,000 with an estimated life of eight years. The estimated salvage value of the equipment at the end of its lifetime is BD. 20,000. Determine the depreciation charge at the end of 5th and book value at the end of 7th year using the sinking fund method of depreciation with an interest rate of 12% compounded annually.

Answers

Answer 1

Using the straight line method, you can generate plots using Microsoft Excel to calculate the depreciation charge at the end of the 5th year and the book value at the end of the 7th year for an equipment purchased at a first cost of BD 1,000,000 with an estimated life of 8 years and a salvage value of BD 20,000.


To begin, enter the data into the table. In column A, enter the years (1,2,3,4,5,6,7,8). In column B, enter the first cost (1,000,000). In column C, enter the estimated life of the equipment (8). In column D, enter the salvage value (20,000).


In column E, calculate the depreciation expense per year by subtracting the salvage value from the first cost, and then dividing it by the estimated life of the equipment (1,000,000 - 20,000)/8 = 119,875.


In column F, calculate the cumulative depreciation, which is the sum of the depreciation expenses for each year (119,875 + 119,875 + 119,875 + 119,875 + 119,875 + 119,875 + 119,875 + 119,875 = 959,000).


In column G, calculate the book value of the equipment at the end of each year by subtracting the cumulative depreciation from the first cost (1,000,000 - 959,000 = 41,000).


Using the sinking fund method of depreciation with an interest rate of 12% compounded annually, the depreciation charge at the end of the 5th year is BD 66,638. The book value at the end of the 7th year is BD 4,955.

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Related Questions

Above is a graphical representation of the metabolic rates of ten baby alligators after being briefly being placed in tanks at five different temperatures. Given the information you have, which of the following statements is most likely true regarding this alligator species.a) These alligators are not behavioral thermoregulatorsb) The metabolic rate of a warmer acclimated alligator would level off at a lower temperature than these alligators.c) The oxygen demand of these alligators is higher at 25 °C than at 15 °C.d) Their upper thermal limit is 20°Ce) These alligators are endotherms

Answers

The correct answer is c) The oxygen demand of these alligators is higher at 25 °C than at 15 °C. From the graphical representation, we can see that the metabolic rate of the alligators increases as the temperature increases from 15 °C  to 25 °C. This indicates that the alligators have a higher oxygen demand at higher temperatures, as oxygen is necessary for metabolic processes.

The other options are incorrect because:
a) The graph does not provide information about the alligators' thermoregulation behavior.
b) The graph does not show the metabolic rate of a warmer acclimated alligator.
d) The graph does not indicate an upper thermal limit for the alligators.
e) The graph does not provide information about whether the alligators are endotherms or ectotherms.

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which theorists believe that conversion and somatic symptom disorders are caused by unconscious conflicts carried forth from childhood, which arouse anxiety that the individual converts into more tolerable physical symptoms?

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Option D is correct.

Freud, Janet, and Breuer are among the theorists who believe that conversion and somatic symptom disorders are caused by unconscious conflicts carried forth from childhood, which arouse anxiety that the individual converts into more tolerable physical symptoms.

What is a somatic symptom?

A somatic symptom refers to physical symptoms that are difficult to diagnose or describe. Somatoform disorders are those in which an individual has physical symptoms, but a medical examination does not uncover any physical problem with the patient.

In such cases, the psychological aspect of the problem is usually highlighted.

Individuals with somatic symptom disorders are most likely to develop these physical symptoms due to anxiety or depression. They may have little or no awareness of the underlying psychological conflict.

As a result, somatic symptoms may be their only method of dealing with inner turmoil. According to Freud, the roots of somatic symptom disorders lie in the child's past. These conflicts are then converted into physical symptoms to avoid the anxiety caused by the conflict.

Why is the correct answer correct?

According to the information provided in the question, it is quite clear that Freud, Janet, and Breuer are among the theorists who believe that conversion and somatic symptom disorders are caused by unconscious conflicts carried forth from childhood, which arouse anxiety that the individual converts into more tolerable physical symptoms.

Thus, option D is correct.

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Other Questions
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