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Initial Cost of Machine given Depreciation Rate Formula

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Initial Cost of The Machine is the total cost after ordering, buying, acquiring, and installment a machine. Check FAQs

C mach = P amort \cdot N wh \cdot M t

C_mach - Initial Cost of The Machine?P_amort - Amortization Period?N_wh - Number of Working Hours Per Year?M_t - Depreciation Rate?

Initial Cost of Machine given Depreciation Rate Example

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Here is how the Initial Cost of Machine given Depreciation Rate equation looks like with Values.

Here is how the Initial Cost of Machine given Depreciation Rate equation looks like with Units.

Here is how the Initial Cost of Machine given Depreciation Rate equation looks like.

1000.0008 = 0.1389 \cdot 1200 \cdot 0.1

1000.0008 = 0.1389min \cdot 1200 \cdot 0.1

1000.0008 = 0.1389 \cdot 1200 \cdot 0.1

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Initial Cost of Machine given Depreciation Rate Solution

Follow our step by step solution on how to calculate Initial Cost of Machine given Depreciation Rate?

FIRST Step Consider the formula

C mach = P amort \cdot N wh \cdot M t

Next Step Substitute values of Variables

∴

C mach = 0.1389min \cdot 1200 \cdot 0.1

Next Step Convert Units

∴

C mach = 8.3333s \cdot 1200 \cdot 0.1

Next Step Prepare to Evaluate

∴

C mach = 8.3333 \cdot 1200 \cdot 0.1

LAST Step Evaluate

∴

C mach = 1000.0008

Initial Cost of Machine given Depreciation Rate Formula Elements

Variables

Initial Cost of The Machine

Initial Cost of The Machine is the total cost after ordering, buying, acquiring, and installment a machine.

Symbol: C_mach

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Initial Cost of The Machine

Amortization Period

Amortization Period is the useful time over which the intangible cost of a machine has been spread.

Symbol: P_amort

Measurement: TimeUnit: min

Note: Value should be greater than 0.

Formulas to find Amortization Period

Number of Working Hours Per Year

Number of Working Hours Per Year is the total number of hours a machine has been used for production processes.

Symbol: N_wh

Measurement: NAUnit: Unitless

Note: Value should be less than 8760.

Formulas to find Number of Working Hours Per Year

Depreciation Rate

Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.

Symbol: M_t

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Depreciation Rate

Other formulas in Estimation Cost category

Go Operator's Overhead Percentage given Machining and Operating Rate

% opt = ((M - (M t \cdot \frac{100 + % mach}{100})) \cdot \frac{100}{W o}) - 100

Go Machine Overhead Percentage given Machining and Operating Rate

% mach = ((M - (W o \cdot \frac{100 + % opt}{100})) \cdot \frac{100}{M t}) - 100

Go Operator's Wage Rate given Machining and Operating Rate

W o = (M - (M t \cdot \frac{100 + % mach}{100})) \cdot \frac{100}{100 + % opt}

Go Machining and Operating Rate

M = (W o \cdot \frac{100 + % opt}{100}) + (M t \cdot \frac{100 + % mach}{100})

How to Evaluate Initial Cost of Machine given Depreciation Rate?

Initial Cost of Machine given Depreciation Rate evaluator uses Initial Cost of The Machine = Amortization Period*Number of Working Hours Per Year*Depreciation Rate to evaluate the Initial Cost of The Machine, The Initial Cost of Machine given Depreciation Rate is a method to determine the total cost it took to get a machine installed for production when Depreciation Rate is known. Initial Cost of The Machine is denoted by C_mach symbol.

How to evaluate Initial Cost of Machine given Depreciation Rate using this online evaluator? To use this online evaluator for Initial Cost of Machine given Depreciation Rate, enter Amortization Period (P_amort), Number of Working Hours Per Year (N_wh) & Depreciation Rate (M_t) and hit the calculate button.

FAQs on Initial Cost of Machine given Depreciation Rate

What is the formula to find Initial Cost of Machine given Depreciation Rate?

The formula of Initial Cost of Machine given Depreciation Rate is expressed as Initial Cost of The Machine = Amortization Period*Number of Working Hours Per Year*Depreciation Rate. Here is an example- 60000 = 8.33334*1200*0.1.

How to calculate Initial Cost of Machine given Depreciation Rate?

With Amortization Period (P_amort), Number of Working Hours Per Year (N_wh) & Depreciation Rate (M_t) we can find Initial Cost of Machine given Depreciation Rate using the formula - Initial Cost of The Machine = Amortization Period*Number of Working Hours Per Year*Depreciation Rate.

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Initial Cost of Machine given Depreciation Rate Formula

Initial Cost of Machine given Depreciation Rate Example

Initial Cost of Machine given Depreciation Rate Solution

Initial Cost of Machine given Depreciation Rate Formula Elements

Other formulas in Estimation Cost category

How to Evaluate Initial Cost of Machine given Depreciation Rate?

FAQs on Initial Cost of Machine given Depreciation Rate

Variable Name