An equipment was bough at P987,000 and expected to have a value of 12% of the original cost at end o 13 years. (i = 9.7% if needed.) Determine: *Note: SLM - Straight Line Method SFM - Sinking Fund Method SOY - Sum of the Years Method DBM - Declining Balance Method DDB - Double Declining Balance Method Format of answers: PhP xXX,XXX.XX 1A. Accumulated depreciation at end of 8th year using SLM: Your answer 1B. Depreciation Charge at 9th year using SLM: Your answer 1C. Book value at end of 5th year using SLM:

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
100%
Problem Solving
An equipment was bough at P987,000 and expected to have a value of 12% of the original cost at end of
13 years. (i = 9.7% if needed.) Determine:
*Note:
SLM - Straight Line Method
SFM - Sinking Fund Method
SOY - Sum of the Years Method
DBM - Declining Balance Method
DDB - Double Declining Balance Method
Format of answers:
PhP xXX,XXX.XX
1A. Accumulated depreciation at end of 8th year using SLM:
Your answer
1B. Depreciation Charge at 9th year using SLM:
Your answer
1C. Book value at end of 5th year using SLM:
Your answer
Transcribed Image Text:Problem Solving An equipment was bough at P987,000 and expected to have a value of 12% of the original cost at end of 13 years. (i = 9.7% if needed.) Determine: *Note: SLM - Straight Line Method SFM - Sinking Fund Method SOY - Sum of the Years Method DBM - Declining Balance Method DDB - Double Declining Balance Method Format of answers: PhP xXX,XXX.XX 1A. Accumulated depreciation at end of 8th year using SLM: Your answer 1B. Depreciation Charge at 9th year using SLM: Your answer 1C. Book value at end of 5th year using SLM: Your answer
Expert Solution
steps

Step by step

Solved in 5 steps

Blurred answer
Knowledge Booster
Assets
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education