4. A machine is purchased for Php 7,500 and has a salvage value of X at the end of 14 years. The machine is depreciated using SOYD method. At the end of the 5th year, the machine has a book value of Php 3,550. At the time, the depreciation method changed to the straight-line method for the remaining years. Determine the new depreciation charge for year 10.

4. A machine is purchased for Php 7,500 and has a salvage value of X at the end of 14 years. The machine is depreciated using SOYD method. At the end of the 5th year, the machine has a book value of Php 3,550. At the time, the depreciation method changed to the straight-line method for the remaining years. Determine the new depreciation charge for year 10.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 3CE: A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years....

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