5. An electronic balance costs P90, 000 and has an estimated salvage value of P10, 000 at the end of its 10 years life time. Use the straight line method. a. What is the depreciation in three years? b. What is the book value in three years?

5. An electronic balance costs P90, 000 and has an estimated salvage value of P10, 000 at the end of its 10 years life time. Use the straight line method. a. What is the depreciation in three years? b. What is the book value in three years?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

5. An electronic balance costs P90, 000 and has an
estimated salvage value of P10, 000 at the end of its 10
years life time. Use the straight line method.
What is the depreciation in three years?
b. What is the book value in three years?
a.

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