An equipment costing P250, 000 has anestimated life of 15 years with a book value ofP30, 000 at the end of the period. Compute thedepreciation charge and its book value after 10 years using the sum of year’s digit method. Please show your written solution.

An equipment costing P250, 000 has anestimated life of 15 years with a book value ofP30, 000 at the end of the period. Compute thedepreciation charge and its book value after 10 years using the sum of year’s digit method. Please show your written solution.

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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