1. A Machine costs P80,000 and an estimated life of 10 years with a salvage value of P5,000. What is the book value after 5 years using the following methodology? a. Straight Line Method. BVs=P42,500 b. Sinking Fund Method if i=9%. BV3=P50,456.44 c. Declining Balance Method if the depreciation cost is equal to the value of i. BVs=P49,922.57
1. A Machine costs P80,000 and an estimated life of 10 years with a salvage value of P5,000. What is the book value after 5 years using the following methodology? a. Straight Line Method. BVs=P42,500 b. Sinking Fund Method if i=9%. BV3=P50,456.44 c. Declining Balance Method if the depreciation cost is equal to the value of i. BVs=P49,922.57
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter18: Accounting For Long-term Assets
Section: Chapter Questions
Problem 3CE
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