30. A car costs P800,000.00 and the salvage value is 10% of the original cost after 15 years. Find the depreciation charge at the 8th year by sum of the years digit method. 50,000.00 48,000.00 52,000.00 60,000.00

30. A car costs P800,000.00 and the salvage value is 10% of the original cost after 15 years. Find the depreciation charge at the 8th year by sum of the years digit method. 50,000.00 48,000.00 52,000.00 60,000.00

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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Question

30-31

30. A car costs P800,000.00 and the
salvage value is 10% of the original
cost after 15 years. Find the
depreciation charge at the 8th year by
sum of the years digit method.
50,000.00
48,000.00
52,000.00
60,000.00
31. It refers to the decrease in value of
physical property due to the passage
of time.
scrap value
depletion
salvage value

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