A forklift is worth 3.2M Php. It has a lifetime of 12 years and has a SV=1.1M. How much is it wortg after 7 years using: mathesons formula of depreciation, Double declining balance method and Sinking fund method

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 20EB: Taos Productions bought a piece of equipment for $79,860 that will last for 5 years. The equipment...
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A forklift is worth 3.2M Php. It has a lifetime of 12 years and has a SV=1.1M.

How much is it wortg after 7 years using:

mathesons formula of depreciation, Double declining balance method and Sinking fund method

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