Working Hours per year given Depreciation Rate Calculator

✖Initial Cost of the Machine is the total cost after ordering, buying, acquiring, and installment a machine.ⓘ Initial Cost of the Machine [C_machine]			+10% -10%
✖Amortization Period is the useful time over which the intangible cost of a machine has been spread.ⓘ Amortization Period [P_Amortization]			+10% -10%
✖Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.ⓘ Depreciation Rate [M_t]			+10% -10%

✖Number of Working Hours per Year is the total number of hours a machine has been used for production processes.ⓘ Working Hours per year given Depreciation Rate [N_wh]

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Formula

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Working Hours per year given Depreciation Rate

Formula

`"N"_{"wh"} = "C"_{"machine"}/("P"_{"Amortization"}*"M"_{"t"})`

Example

`"1250"="1000"/("8"*"0.1")`

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Working Hours per year given Depreciation Rate Solution

STEP 0: Pre-Calculation Summary

Formula Used

Number of Working Hours per Year = Initial Cost of the Machine/(Amortization Period*Depreciation Rate)
N_wh = C_machine/(P_Amortization*M_t)
This formula uses 4 Variables

Variables Used

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.
Initial Cost of the Machine - Initial Cost of the Machine is the total cost after ordering, buying, acquiring, and installment a machine.
Amortization Period - Amortization Period is the useful time over which the intangible cost of a machine has been spread.
Depreciation Rate - Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.

STEP 1: Convert Input(s) to Base Unit

Initial Cost of the Machine: 1000 --> No Conversion Required
Amortization Period: 8 --> No Conversion Required
Depreciation Rate: 0.1 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

N_wh = C_machine/(P_Amortization*M_t) --> 1000/(8*0.1)

Evaluating ... ...

N_wh = 1250

STEP 3: Convert Result to Output's Unit

1250 --> No Conversion Required

FINAL ANSWER

1250 <-- Number of Working Hours per Year

(Calculation completed in 00.004 seconds)

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Created by Kumar Siddhant

Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur

Kumar Siddhant has created this Calculator and 400+ more calculators!

Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

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< 4 Depreciation Rate Calculators

Depreciation Rate of Machine Tool given Machining and Operating Rate

Go Depreciation Rate = (Machining and Operating Rate-(Wage Rate*(100+Operator's Overhead Percentage)/100))*100/(100+Machine Overhead Percentage)

Working Hours per year given Depreciation Rate

Go Number of Working Hours per Year = Initial Cost of the Machine/(Amortization Period*Depreciation Rate)

Amortization given Depreciation Rate

Go Amortization Period = Initial Cost of the Machine/(Number of Working Hours per Year*Depreciation Rate)

Depreciation Rate of Machine Tool

Go Depreciation Rate = Initial Cost of the Machine/(Number of Working Hours per Year*Amortization Period)

Working Hours per year given Depreciation Rate Formula

Number of Working Hours per Year = Initial Cost of the Machine/(Amortization Period*Depreciation Rate)
N_wh = C_machine/(P_Amortization*M_t)

What is Initial Cost of a Machine ?

The Initial Cost of Machine equipment is the summation of the costs of vehicles, the furniture, the purchase price, sales taxes, transportation fees, insurance paid to cover the item during shipment, assembly, installation, and all other costs associated with making the item ready for use.

How to Calculate Working Hours per year given Depreciation Rate?

Working Hours per year given Depreciation Rate calculator uses Number of Working Hours per Year = Initial Cost of the Machine/(Amortization Period*Depreciation Rate) to calculate the Number of Working Hours per Year, The Working Hours per year given Depreciation Rate is a method to determine the maximum number of hours a machine can be used per year for production when Depreciation Rate is known. Number of Working Hours per Year is denoted by N_wh symbol.

How to calculate Working Hours per year given Depreciation Rate using this online calculator? To use this online calculator for Working Hours per year given Depreciation Rate, enter Initial Cost of the Machine (C_machine), Amortization Period (P_Amortization) & Depreciation Rate (M_t) and hit the calculate button. Here is how the Working Hours per year given Depreciation Rate calculation can be explained with given input values -> 1250 = 1000/(8*0.1).

FAQ

What is Working Hours per year given Depreciation Rate?

The Working Hours per year given Depreciation Rate is a method to determine the maximum number of hours a machine can be used per year for production when Depreciation Rate is known and is represented as N_wh = C_machine/(P_Amortization*M_t) or Number of Working Hours per Year = Initial Cost of the Machine/(Amortization Period*Depreciation Rate). Initial Cost of the Machine is the total cost after ordering, buying, acquiring, and installment a machine, Amortization Period is the useful time over which the intangible cost of a machine has been spread & Depreciation Rate is the rate at which the machine is depreciated across the estimated productive life of the machine.

How to calculate Working Hours per year given Depreciation Rate?

The Working Hours per year given Depreciation Rate is a method to determine the maximum number of hours a machine can be used per year for production when Depreciation Rate is known is calculated using Number of Working Hours per Year = Initial Cost of the Machine/(Amortization Period*Depreciation Rate). To calculate Working Hours per year given Depreciation Rate, you need Initial Cost of the Machine (C_machine), Amortization Period (P_Amortization) & Depreciation Rate (M_t). With our tool, you need to enter the respective value for Initial Cost of the Machine, Amortization Period & Depreciation Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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