4. What is the depreciation rate if you are using the declining balance method? Note: For no. 4, the rate must be rounded off to 6 decimal places. Ex: 10.123456% 5. Using SYD method, what is the depreciation expense for the 1st year?
A depreciable asset has a cost of P120,000, estimated useful life of 8 years, and an estimated residual
value of P20,000.
1. What is the
2. What is the depreciation rate if you are using 150% declining balance method?
3. What is the depreciation rate if you are using double declining balance method?
Note: For nos. 1 to 3, the rate must be rounded off to two decimal places. Ex: 10.00%, 12.30%, 15.55%
4. What is the depreciation rate if you are using the declining balance method?
Note: For no. 4, the rate must be rounded off to 6 decimal places. Ex: 10.123456%
5. Using SYD method, what is the depreciation expense for the 1st year?
6. Using SYD method, what is the carrying amount at the end of the 6th year?
7. Using double declining balance method, what is the carrying amount at the end of the 3rd year?
Subparts 4-5 only
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