A machine cost 75,000 and the salvage value is 15,000 after 15 years. Find, a) the depreciation by Straight Line Method if i = 15% b) the depreciation by Sinking Fund Method if i 15% c) the depreciation charge at the end of 4th year by Declining Balance Method, Double Declining Balance Method and Sum of Years Digit Method d) the book value after 8 years by SLM, SFM, DBM, DDBM and SYDM

A machine cost 75,000 and the salvage value is 15,000 after 15 years. Find, a) the depreciation by Straight Line Method if i = 15% b) the depreciation by Sinking Fund Method if i 15% c) the depreciation charge at the end of 4th year by Declining Balance Method, Double Declining Balance Method and Sum of Years Digit Method d) the book value after 8 years by SLM, SFM, DBM, DDBM and SYDM

Name: A machine cost 75,000 and the salvage value is 15,000 after 15 years.
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Description: A machine cost 75,000 and the salvage value is 15,000 after 15 years. Find,a) the depreciation by Straight Line Method if i = 15%b) the depreciation by Sinking Fund Method if i = 15%c) the depreciation charge at the end of 4th year by Declining Bala

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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