An equipment costing P250, 000 has an estimated life of 15 years with a book value of P30, 000 at the end of the period. Compute the depreciation charge on the 10th year using declining balance method.

An equipment costing P250, 000 has an estimated life of 15 years with a book value of P30, 000 at the end of the period. Compute the depreciation charge on the 10th year using declining balance method.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 3RE: Albany Corporation purchased equipment at the beginning of Year 1 for 75,000. The asset does not...

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#13 PLease provide a written solution

An equipment costing P250, 000 has an estimated life of 15 years with a book
value of P30, 000 at the end of the period. Compute the depreciation charge
on the 10th year using declining balance method.
a. d = P9, 235.93; Cn P59, 987.34
b. d = P9, 456.78; Cn = P67, 456.98
C. d= P8, 987.45 Cn P60, 832.80
d. d = P9, 235.93; Cn P60, 832.80
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