22. A machine, initially costing Php 155000, Is set to depreclate Php 20000 every year using sinking fund method. How much must be invested every year to replace the asset with a better but more expensive machine costing Php 250000 after 5 years at an annual rate of 5%. a. Php 41346.88 b. Php 36547.78 C. Php 44487.37 d. Php 37,192.61 e. None of the above
22. A machine, initially costing Php 155000, Is set to depreclate Php 20000 every year using sinking fund method. How much must be invested every year to replace the asset with a better but more expensive machine costing Php 250000 after 5 years at an annual rate of 5%. a. Php 41346.88 b. Php 36547.78 C. Php 44487.37 d. Php 37,192.61 e. None of the above
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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