1. A machine costs P7,000, last 8 years and has a salvage value at the end of life of P350.Determine the depreciation charge during the 4th year and the book value at the end of4 years by:a. Straight Line Methodb. Declining Balance Methodc. SYD Methodd. Sinking Fund MethodInterest is at 12%. 2. An industrial plant bought a generator set for P90,000. Other expenses includinginstallation amounted to P10,000. The generator set is to have a life of 17 years with asalvage value at the end of life of P5,000. Determine the depreciation charge during the13th year and the book value at the end of 13 years by:a. Declining Methodb. Double Declining Balance Methodc. Sinking Fund Methodd. SYD MethodInterest is at 12%.

Name: 1. A machine costs P7,000, last 8 years and has a salvage value at th
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Description: 1. A machine costs P7,000, last 8 years and has a salvage value at the end of life of P350.Determine the depreciation charge during the 4th year and the book value at the end of4 years by:a. Straight Line Methodb. Declining Balance Methodc. SYD Meth

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1. A machine costs P7,000, last 8 years and has a salvage value at the end of life of P350. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by: a. Straight Line Method b. Declining Balance Method c. SYD Method d. Sinking Fund Method Interest is at 12%.

1. A machine costs P7,000, last 8 years and has a salvage value at the end of life of P350. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by: a. Straight Line Method b. Declining Balance Method c. SYD Method d. Sinking Fund Method Interest is at 12%.

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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