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Arturiano [62]
3 years ago
15

A computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000,

and an estimated useful life of 5 years. What is the assets book value at the end of year 3?
Business
2 answers:
Nataliya [291]3 years ago
7 0

Answer:

Book value = original cost - accumulated depreciation

= $56,000 - $30,600

=$25,400

Tju [1.3M]3 years ago
5 0

Answer:

=$25,400

Explanation:

The cost of the compute was $56,000

The residual value was 5000

Useful life is 5 years

Using the straight-line depreciation method, book value after three years will be

The depreciable amount will be the asset cost value - residual value

= $56,000 - $5000

= $51,000

The depreciation rate will be 1/5 year x 100 = 20%

depreciation per year will be 20% x 51,000

= 20/100 x 51,000

=$10,200

Depreciation for three years will be $10,200 x 3= $30,600

The book value after 3 years :

Book value = original cost - accumulated depreciation

= $56,000 - $30,600

=$25,400

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<h3>What is NPV?</h3>

NPV is an abbreviated form of Net present value and computed by deducting the cash outflows from cash inflows at the present value.

Given values:

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Cash flow of year 2: $10,000

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Step-1 Computation of PV of cash inflows of every year:

PV of year 1 = Cash inflow of year 1 / (1+ interest rate)^ 1

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                    = $10,000 X 0.934579

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PV of year 2 = Cash inflow of year 1 / (1+ interest rate)^ 2

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                    = $10,000 X 0.873438

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PV of year 3= Cash inflow of year 1 / (1+ interest rate)^ 3

                   = $2,000 / (1+0.07) ^ 2

                    = $2,000 X 0.816297

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Step-2 Computation of total amount of PV of cash inflows:

\rm\ PV \rm\ of \rm\ cash \rm\ inflows = \rm\ PV \rm\  of \rm\  year \rm\  1 + \rm\  PV \rm\ of \rm\ year \rm\ 2 + \rm\ PV \rm\ of \rm\ year \rm\ 3\\\rm\ PV \rm\ of \rm\ cash \rm\ inflows =\$9,346 + \$8,735 + \$1,633\\\rm\ PV \rm\ of \rm\ cash \rm\ inflows =\$19,714

Step-3 Computation of NPV:

\rm\ NPV=\rm\ PV \rm\ of \rm\ cash \rm\ inflows- \rm\ Cost \rm\ of \rm\ investment\\\rm\ NPV=\$19,714-\$20,000\\\rm\ NPV=\$ (286)

Therefore, the NPV comes out to be a negative amount of 286, and hence, the company should not accept the project.

Learn more about the net present value in the related link:

brainly.com/question/14015430

#SPJ1

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