The UST-ECE Department purchased a Communications Trainer worth P 250,000. Freight and insurance charges amounted to P 18,000; customs’, cargo and broker’s fee, P 8,500; taxes, permits, and other expenses, P 25,000. If the estimated life of the trainer is 10 years with a salvage value at the end of life of P 20,000 Using DBM: The depreciation charge during the 4th year is: P 31,745.65 B. P 35,827.27 C. P 71,408.09 D. P 31,818.18 The book value at the end of 6 years is: P 71,181.82 B. P 59,201.5371,181.82 C. P 49,095.01 D. P 61,818.18
The UST-ECE Department purchased a Communications Trainer worth P 250,000. Freight and insurance charges amounted to P 18,000; customs’, cargo and broker’s fee, P 8,500; taxes, permits, and other expenses, P 25,000. If the estimated life of the trainer is 10 years with a salvage value at the end of life of P 20,000 Using DBM: The depreciation charge during the 4th year is: P 31,745.65 B. P 35,827.27 C. P 71,408.09 D. P 31,818.18 The book value at the end of 6 years is: P 71,181.82 B. P 59,201.5371,181.82 C. P 49,095.01 D. P 61,818.18
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 4EB: Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is...
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The UST-ECE Department purchased a Communications Trainer worth P 250,000. Freight and insurance charges amounted to P 18,000; customs’, cargo and broker’s fee, P 8,500; taxes, permits, and other expenses, P 25,000. If the estimated life of the trainer is 10 years with a salvage value at the end of life of P 20,000
Using DBM:
The
- P 31,745.65 B. P 35,827.27 C. P 71,408.09 D. P 31,818.18
The book value at the end of 6 years is:
- P 71,181.82 B. P 59,201.5371,181.82 C. P 49,095.01 D. P 61,818.18
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