A cooling water pumping station at a manufacturing plant in iligan city cost 30,000,000 to contruct and it is prohected to have 25 years life with an estimited salvage value of 10% of the construction cost calculated the annual depreciation change for year 1Despreciationmanual solution (n=10)spreadsheet (n=1 to 25)Choose any 2 methodsA.)straight line method5(10)B.)declining balance method5(10)C.)double declining balance method5(10)D.)senking fund method at 10%5(10)E.)sum-of-the-year digits method5(10)Total2520 A.)manually (3-decimal accuracy d10 only) andB.)by using spreadsheet (choose only 2 methods) build the depreciation and book valye schedule2.)if the cooling water pumping station in problem 1 will be book-depreciated to zero over a re overy period of 30 years calculated d10 manually using the double declining balance method.

Depreciation can be defined as the charge on the fixed assets of the company that reduces the value…

Answered: by using spreadsheet (choose only 2…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 3MCQ: When depreciation is recorded each period, what account is debited? a. Depreciation Expense b. Cash...

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A cooling water pumping station at a manufacturing plant in iligan city cost 30,000,000 to contruct and it is prohected to have 25 years life with an estimited salvage value of 10% of the construction cost calculated the annual depreciation change for year 1

Despreciation	manual solution (n=10)	spreadsheet (n=1 to 25) Choose any 2 methods
A.)straight line method	5	(10)
B.)declining balance method	5	(10)
C.)double declining balance method	5	(10)
D.)senking fund method at 10%	5	(10)
E.)sum-of-the-year digits method	5	(10)
Total	25	20

A.)manually (3-decimal accuracy d10 only) and

B.)by using spreadsheet (choose only 2 methods) build the depreciation and book valye schedule

2.)if the cooling water pumping station in problem 1 will be book-depreciated to zero over a re overy period of 30 years calculated d10 manually using the double declining balance method.

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