A company purchases an asset for P 10,000.00 and plans to keep it for 20years. If the salvage value is zero at the end of 20 year, what is the depreciation inthe third year? Use SYD method.

Solution: Sum of year of digit for 20 years = 1+ 2 + 3 +........+20 = 210 Useful life remains in…

Answered: A company purchases an asset for P…

A company purchases an asset for P 10,000.00 and plans to keep it for 20 ars. If the salvage value is zero at the end of 20"™ year, what is the depreciation in e third year? Use SYD method.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 3MC: Using the sum-of-the-years-digits method, how much depreciation expense should Vorst record in 2020...

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A company purchases an asset for P 10,000.00 and plans to keep it for 20
years. If the salvage value is zero at the end of 20 year, what is the depreciation in
the third year? Use SYD method.

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