Question

A mechanical engineer bought a gantry crane forerecting tall buildings. It was invoicedfrom JAPAN CIF (cost, insurance, andfreight) Manilaat P250,000.00 Brokerage, bank, arresterfees, custom duties, permits, etc. total P120,000.00. At the end of 10 years, he expects to sell it for P50,000. Prepare a depreciation schedule for each of the following methods:

1.Straight Line Method.

2.Sinking Fund Methodat 12%

3.Declining Balance Method.

4.Double Declining Balance Method.

5.SYD Method.

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Depreciation Accounting

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