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An asset is purchased for P 120,000,00. Its estimated life is 10 years, after which it will be sold for P 12,000,00. Find the
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- A machine costing P540,000 has a life expectancy of 12 years with a salvage value of P40,000. Using the Depreciation by Sinking Fund Method (SFM), what is the depreciation in the fourth year? Assume i=8%.An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum of the years digit method.A company purchased an asset for P10,000 and plans to keep it for 20 years. If the salvage value is zero at the end of the 20th year, what is the depreciation in the third year? Use SOYD method.
- An asset is purchased for 9,000. It estimated economic life is for 10 years after which it will be sold for P1000. Find the depreciation in the first three years using straight line method?A printing equipment costs P 74,506 has a life expectancy of 9 years and has a salvage value of P 4,479 at the end of its life. The book value at the end of x years is equal to P 30,389. Using straight line method of depreciation, solve for the value of x.An asset is purchased for P350,00. The salvage value in 18years is P65,000/what are the depreciation in the first three years using straight line method ?
- Certain equipment that cost Php. 7,000 has an economic life of n years and a salvage value of Php. 350 at the end of n years. The book value at the end of 4 years is Php. 2,197.22. Use the sum of the years’ digit method. Compute the total depreciation after 6 years.ABC Company makes its policy that for every new piece of equipment purchased, the annual depreciation should not exceed 25% of the first cost at any time without salvage value. determine the length of service if the depreciation used is the Double Declining Balanced method.A machine costing RO 1760 has an estimated life of 4 years and a residual value of RO 350. Find the depreciation for the second year using Sum of the Years-Digits method. a. 987 RO b. 423 RO c. 773 RO d. 564 RO
- If a certain equipment has a book value P4,863.00 during its 7th year of operation. If the annual depreciation is equal to P802.00 and it has a salvage value of P861.00, using the SLM, what is the recovery period in years?An asset is purchased for P9,000.00. Its estimated life is 10 years, after which it will be sold for P1,000.00. Find the book value during the third year if sum-of-the-year's digit (SOYD) depreciation is usedA manufacturing company makes it a policy that for every new equipment purchased, the annual depreciation cost should not exceed 25% of the first cost at any time without salvage value. Determine the length of service life if the depreciation used is the SYD method