An asset is purchased for P120,000. Its estimated life is 10 years, after which it will be sold for P12,000. Find the depreciation for the second year using the sum of the years digit method.

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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Depreciation.

4.

4. An asset is purchased for P120,000. Its estimated life is 10 years, after which it will be sold
for P12,000. Find the depreciation for the second year using the sum of the years digit
method.
Transcribed Image Text:4. An asset is purchased for P120,000. Its estimated life is 10 years, after which it will be sold for P12,000. Find the depreciation for the second year using the sum of the years digit method.
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