An equipment costs Php 10,000 with a salvage value of Php 500 at the end of 10 years. Calculate the total depreciation charge and book value at the end of 7 years using: a. straight line method depreciation charge: Php book value: Php b. sinking fund method at 4% interest depreciation charge: Php book value: Php c. declining balance method depreciation charge: Php book value: Php

An equipment costs Php 10,000 with a salvage value of Php 500 at the end of 10 years. Calculate the total depreciation charge and book value at the end of 7 years using: a. straight line method depreciation charge: Php book value: Php b. sinking fund method at 4% interest depreciation charge: Php book value: Php c. declining balance method depreciation charge: Php book value: Php

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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