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Asset Value at the end of 'a' year refers to the estimated monetary worth or value of a tangible asset at the conclusion of a specific period, 'a' year, within its useful life. Check FAQs
Va=V-a⋅d
Va - Asset Value?V - Original Value of Assets at Start of Service?a - Number of Years in Actual Use?d - Annual Depreciation per Year?

Book Value of Process Equipment at any Time during Service Life Example

With values
With units
Only example

Here is how the Book Value of Process Equipment at any Time during Service Life equation looks like with Values.

Here is how the Book Value of Process Equipment at any Time during Service Life equation looks like with Units.

Here is how the Book Value of Process Equipment at any Time during Service Life equation looks like.

20000Edit=50000Edit-3Edit⋅10000Edit
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HomeIcon Home » Category Engineering » Category Chemical Engineering » Category Plant Design and Economics » fx Book Value of Process Equipment at any Time during Service Life

Book Value of Process Equipment at any Time during Service Life Solution

Follow our step by step solution on how to calculate Book Value of Process Equipment at any Time during Service Life?

FIRST Step Consider the formula
Va=V-a⋅d
Next Step Substitute values of Variables
∴ Va=50000-3⋅10000
Next Step Prepare to Evaluate
∴ Va=50000-3⋅10000
LAST Step Evaluate
∴Va=20000

Book Value of Process Equipment at any Time during Service Life Formula Elements

Variables
Asset Value
Asset Value at the end of 'a' year refers to the estimated monetary worth or value of a tangible asset at the conclusion of a specific period, 'a' year, within its useful life.
Symbol: Va
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Asset ValueOpen Variable
Original Value of Assets at Start of Service
Original Value of Assets at Start of Service Life Period refers to the initial cost or acquisition cost of a tangible asset when it is first put into service.
Symbol: V
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Original Value of Assets at Start of ServiceOpen Variable
Number of Years in Actual Use
Number of Years in Actual Use refers to the period of time during which a particular asset has been actively employed or utilized for its intended purpose in a business or operational context.
Symbol: a
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Number of Years in Actual UseOpen Variable
Annual Depreciation per Year
Annual depreciation per Year is a financial accounting method used to allocate the cost of a tangible asset over its estimated useful life.
Symbol: d
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Annual Depreciation per YearOpen Variable

Other Formulas to find Asset Value

​Go Asset Value using Declining Balance Method
Va=V⋅(1-f)a
​Go Asset Value after 'a' Years
Va=V-(V-Vs)⋅((1+i)a-1(1+i)n-1)

Other formulas in Depreciation category

​Go Depletion Cost
D=I⋅(UP)
​Go Annual Depreciation by Straight-Line Method
d=V-Vsn
​Go Fixed Percentage Factor using Matheson Formula
f=1-(VsV)1n
​Go Depreciation by Sum of Year Digit Method
da=2⋅(n-a+1)n⋅(n+1)⋅(V-Vs)

How to Evaluate Book Value of Process Equipment at any Time during Service Life?

Book Value of Process Equipment at any Time during Service Life evaluator uses Asset Value = Original Value of Assets at Start of Service-Number of Years in Actual Use*Annual Depreciation per Year to evaluate the Asset Value, Book Value of Process Equipment at any Time during Service Life represents the net carrying value of the equipment on a company's financial statements at a specific point in time. Asset Value is denoted by Va symbol.

How to evaluate Book Value of Process Equipment at any Time during Service Life using this online evaluator? To use this online evaluator for Book Value of Process Equipment at any Time during Service Life, enter Original Value of Assets at Start of Service (V), Number of Years in Actual Use (a) & Annual Depreciation per Year (d) and hit the calculate button.

FAQs on Book Value of Process Equipment at any Time during Service Life

What is the formula to find Book Value of Process Equipment at any Time during Service Life?
The formula of Book Value of Process Equipment at any Time during Service Life is expressed as Asset Value = Original Value of Assets at Start of Service-Number of Years in Actual Use*Annual Depreciation per Year. Here is an example- 20000 = 50000-3*10000.
How to calculate Book Value of Process Equipment at any Time during Service Life?
With Original Value of Assets at Start of Service (V), Number of Years in Actual Use (a) & Annual Depreciation per Year (d) we can find Book Value of Process Equipment at any Time during Service Life using the formula - Asset Value = Original Value of Assets at Start of Service-Number of Years in Actual Use*Annual Depreciation per Year.
What are the other ways to Calculate Asset Value?
Here are the different ways to Calculate Asset Value-
  • Asset Value=Original Value of Assets at Start of Service*(1-Fixed Percentage Factor)^Number of Years in Actual UseOpenImg
  • Asset Value=Original Value of Assets at Start of Service-(Original Value of Assets at Start of Service-Salvage Value of Asset at End of Service)*(((1+Annual Interest Rate)^(Number of Years in Actual Use)-1)/((1+Annual Interest Rate)^(Service Life)-1))OpenImg
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