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Salvage Value Of Mining Equipment

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Salvage value or Scrap Value is the value of an asset after its useful life is over 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 5000 is called as salvage value When a company purchases an asset first

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  • Chap011 accounting 89 98 Canliss Mining uses the

    98 Canliss Mining uses the retirement method to determine depreciation on its office equipment During 2009 its first year of operations office equipment was purchased at a cost of 14000 Useful life of the equipment averages 4 years and no salvage value is anticipated

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  • Lecture 4 Chapter 3b EQUIPMENT COST assakkaf

    EQUIPMENT COST CHAPTER 3b EQUIPMENT COST ENCE 420 Assakkaf Slide No 42 Example 2 A company having a cost of capital rate of 8 purchases a 300000 tractor This machine has an expected service life of 4 years and will be used 2500 hr per year The tires on this machine cost 45000 The estimated salvage value at the end of 4 years is

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  • Glossary of Mining Terminology First Nations

    The Glossary of Mining Terminology is a first attempt to improve Inuktitut terminology in the resource development field The aim of the glossary is to clarify some technical words associated with resource development using everyday language The Glossary of Mining Terminology is a living document that will continue to be improved as the industry develops and Inuktitut speakers become more

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  • Accounting Net Present Value help Yahoo Answers

    Apr 28 2013 Salvage value of equipment in nine years 200000 Receipts from sales of ore less outofpocket costs for salaries utilities insurance and so forth The mineral deposit would be exhausted after nine years of mining At that point the working capital would be released for reinvestment elsewhere The companys required rate of return is 15

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  • Liquidation Value Definition Investopedia

    Apr 23 2019 Liquidation value is the total worth of a companys physical assets when it goes out of business or if it were to go out of business Liquidation value

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  • Rail and Accessories Gold Mining Equipment and Used

    Savona Equipment is your source for New Used and Reconditioned Rail and Accessories of many types sizes and brands for all your underground mining requirements and operations All our refurbished Rail and Accessories will be completely disassembled and inspected Any rail or rail accessory parts that are broken or worn will be fully repaired or replaced as required

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  • 4 Ways to Depreciate Equipment wikiHow

    Mar 05 2020 Remember that the equipment has a salvage value of 10000 If you applied the entire depreciation amount of 5184 to the book value it would leave you with 7776 which is less than the salvage value You can only record depreciation up to the amount where the book value equals the salvage value

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  • Problem1 Net present value method with income tax

    The coal in the mine would be exhausted after 15 years The equipment would be sold for its salvage value of 250000 at the end of 15year period The company uses straight line method of depreciation and does not take into account the salvage value for computing depreciation for tax purpose The tax rate of the company is 30 Required

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  • Explain and Apply Depreciation Methods to Allocate

    Any costs for maintaining or repairing the equipment would be treated as regular expenses so the total cost would be 58000 and after allowing for an anticipated salvage value of 10000 in five years the business could take 48000 in depreciation over the machines economic life

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  • Chapter 7 RateofReturn Analysis

    The cash flow pattern is somewhat unusual since you must invest in some mining equipment operate them for 2 years and restore the sites to their original condition This machine will have an estimated service life of 10 years with a net after tax salvage value of 15000 Its annual after tax operating and maintenance costs are estimated

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  • How to Determine Fixed Assets Salvage Value

    Its a safe assumption to average these values and determine that your clients salvage value for that piece of equipment is 30000 35000 18000 20000 4 25750 Of course the safer assumption is to assume 0 for the salvage value

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  • Mining Surplus New and Used Mining Equipment

    New Used Mining Equipment features new and used mining equipment for sale from mining operations across Canada the United States South America and Australia profiles surface mill plant process and underground mining equipment from copper lead zinc gold and coal mining operations

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  • Salvage Value Definition Investopedia

    Aug 28 2019 Salvage value is the estimated book value of an asset after depreciation is complete based on what a company expects to receive in exchange for the asset at

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  • PDF Assessing Residual Value of Heavy Construction

    This paper introduces a data mining based approach for estimating the residual value of heavy construction equipment using a predictive data mining model and its potential benefits on the

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  • Depreciation of Capital Equipment Bizfluent

    The local scrap yard will buy the tractor at the end of its useful life for 1000 The useful life of the asset is three years the original cost of the capital equipment is 10000 and the salvage value is 1000 Subtract the salvage value of the tractor from the cost of the tractor and then divide the answer by the useful life of the asset

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  • Salvage Value Calculator online spreadsheet

    Salvage Value Calculator At the bottom you can find a Salvage Value Calculator The term means the estimated value that an asset will get upon its sale at the end of its useful life This value is used in accounting to determine depreciation amounts and to determine deductions

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  • Mine Graveyard Used Mining Machinery Australia

    Mine Graveyard specialises in Used Mining Machinery Australia Mine Graveyard is FREE to browse and FREE to advertise plus we personally promote your used mining machinery for

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  • OffHighway Trucks For Sale 5723 Listings

    Browse our inventory of new and used OffHighway Trucks For Sale near you at Top manufacturers include CATERPILLAR VOLVO BELL DEERE KOMATSU TEREX HYDREMA DOOSAN HOLMES WELDING FABRICATION and MOXY Page 1 of 229

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  • Chapter 9 Asset Valuation Equipment frazier capital

    differ depending upon the specific circumstances such as liquidation value going concern value and installation costs among others Introduction This is a critical chapter to review since most people gloss over the real value of the machinery and equipment In most cases the values are lower than normally represented by business owners

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  • P115 Depletion and DepreciationMining Khamsah

    May 01 2010 Assume 11 years of mining operations The land will have a residual value of 30000 The company builds necessary structures and sheds on the site at a cost of 36000 It is estimated that these structures can serve 15 years but because they must be dismantled if they are to be moved they have no salvage value

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  • Solved Windhoek Mines Ltd Of Namibia Is

    Salvage value of equipment in four years 72000 Receipts from sales of ore less outofpocket costs for salaries utilities insurance and so forth The mineral deposit would be exhausted after four years of mining At that point the working capital would be released for reinvestment elsewhere The companys required rate of return is 18

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  • Windhoek Mines Ltd of Namibia is contemplating the

    Salvage value of equipment in four years 80000 Determine the net present value of the proposed mining projectAny cash outflows should be indicated by a minus sign Now 1 2 3 4

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  • Need help calculating present value Yahoo Answers

    Aug 25 2012 Salvage value of equipment in four years R192000 Receipts from sales of ore less outofpocket costs for salaries utilities insurance and so forth The currency in Namibia is the rand denoted here by R The mineral deposit would be exhausted after four years of mining

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  • Questions and Answers PwC

    Salvage value Cost of removal no legal obligation 450 Cost of disposal legal obligation 50 Salvage value 1500 Net salvage value 1000 Net depreciable value 19000 Estimated depreciable life 19 yrs Upon adoption of FIN 47 it is assumed that the Company has reclassified the cost of removal and disposal to a regulatory liability

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  • EoM1 CantDo Salvage Value Actuarial Outpost

    Dec 08 2017 I thought the salvage value was for 2026 and represented the value of the equipment once the working life of the mine had expired That would get discounted to present day whatever year that is In theory depreciation would probably come into play but I didnt include it

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  • Net present value NPV method explanation example

    The management of Fine Electronics Company is considering to purchase an equipment to be attached with the main manufacturing machine The equipment will cost 6000 and will increase annual cash inflow by 2200 The useful life of the equipment is 6 years After 6 years it will have no salvage value

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  • Study 24 Terms Accounting Test 3 Flashcards Quizlet

    Drago Company purchased equipment on January 1 2014 at a total invoice cost of 1200000 The equipment has an estimated salvage value of 30000 and an estimated useful life of 5 years

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