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Dec 30, 2017 Equipment salvage. Mining Methods and Geology. Long and Shortwall mining. Bord and Pillar Methods. ... anything of a high value was also melted down so it couldn't be identified and the proceeds were equally distributed amongst the men who remained at the colliery. ... At intervals all sorts of mining gear would turn up...band new drills and
For equipment that works very few hours per day, the derived equipment lives may be very long and local conditions should be checked for the reasonableness of the estimate. 3.3.3 Salvage Value (S) This is defined as the price that equipment can be sold for at the time of its disposal. Used equipment rates vary widely throughout the world
Learn MoreBee-Low Mining Inc. must purchase a new coring machine that costs $30,000 and is expected to last 12 years, with a salvage value of $3,000. The annual operating expenses are expected to be $9,000 the fist year and increase by $200 each year thereafter. The annual income is expected to be $12,000 per year
Learn MoreCost of new equipment and timbers $ 350,000 : Working capital required $ 105,000 : Annual net cash receipts $ 135,000 * Cost to construct new roads in year three $ 41,000 : Salvage value of equipment in four years $ 66,000
Learn MoreHow do you calculate an asset's salvage value? Definition of Asset Salvage Value. In accounting, an asset's salvage value is the estimated amount that a company will receive at the end of a plant asset's useful life. It is the amount of an asset's cost that will not be part of the depreciation expense during the years that the asset is used in the business
Learn More11. If the equipment's salvage value was $500,000 instead of $300,000, would you expect the project's net present value to be higher than, lower than, or the same as your answer to question 4? No computations are necessary. 12. Page 517 If the equipment's salvage value was $500,000 instead of $300,000, what would be the project's simple rate of
Learn MoreJun 28, 2021 Residual value is sometimes referred to as an asset's salvage value, which is the asset's worth at the end of its estimated useful life. Assets can be purchased or leased, and at the end of an
Learn MoreMay 06, 2021 Remember that the equipment has a salvage value of $10,000. If you applied the entire depreciation amount of $5,184 to the book value, it would leave you with $7,776, which is less than the salvage value. You can only record depreciation up to the amount where the book value equals the salvage value
Learn MoreThe equipment will cost $6,000 and will increase annual cash inflow by $2,200. The useful life of the equipment is 6 years. After 6 years it will have no salvage value. The management wants a 20% return on all investments. Required: Compute net present value (NPV) of this investment project
Learn MoreLiquidation value is the total worth of a company's physical assets if it were to go out of business. The liquidation value is the value of company real estate, fixtures, equipment, and inventory
Learn MoreJan 10, 2011 First: Calculate book value at date of change in estimate. Second: Calculate deprecation expense according to new estimates Calculation of depreciation expense 13. Exercise 3 Arcadia HS purchased equipment for $510,000 which was estimated to have a useful life of 10 years with a salvage value of $10,000 at the end of that time
Learn MoreAn independent appraisal of the equipment when donated placed the fair market value at P240,000 and the salvage value at P24,000. e. Machinery A’s total cost of P1,319,200 includes installation expense of P4,800 and normal repairs and maintenance of P119,200. Salvage value is estimated at P48,000
Learn MoreAug 11, 2021 Salvage value of equipment in four years $81,000 The mineral deposit would be exhausted after four years of mining. At that point, the working capital would be released for reinvestment elsewhere. The company’s required rate of return is 22%. Required: Determine the Net present value of the proposed mining project
Learn MoreSalvage is a type of drop whose only function is to be alchemised or disassembled.Salvage cannot be used, equipped or broken down into ore with a spring cleaner.Salvage does not stack and can be traded. There are 120 distinct kinds of salvage divided into five sizes, six tiers, and four types in the format size type metal tier salvage .Salvage was introduced with the Mining and Smithing
Learn MoreSalvage value of mining equipment. Does anyone have any advice on how to go about selling old mining equipment? I have a few continuous miners. They seem to all be non-functional (one is just a frame). I am not in the coal mining business and can't seem to find a transparent way to price it. Everyone just dodges the question when I ask them
Learn MoreApr 19, 2018 Salvage value or Scrap Value is the estimated value of an asset after its useful life is over and therefore, cannot be used for its original purpose. For example, if the machinery of a company has a life of 5 years and at the end of 5 years, its value is only $5000, then $5000 is the salvage value. Another name of this value is scrap value
Learn Moreinstallation, the expected net salvage value of the asset (expected salvage less the expected cost of removal and disposal) is $1,000 resulting in a depreciable base of $19,000. Assume that at the end of 15 years of service the asset is replaced at a removal cost of $500 and salvage proceeds of $1,250, resulting in net salvage of $750
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