An industrial plant bought a generator set for P80,000. Other expenses including installation amounted to P20,000. The generator set is to have a life of 17 years with a salvage value of P5000. Determine the depreciation charge during the 13th year and the book value at the end of 13 years by: (a.) Declining balance method (b.) Double declining balance method (c.) sinking fund method at 12% (d.) SYD method

An industrial plant bought a generator set for P80,000. Other expenses including installation amounted to P20,000. The generator set is to have a life of 17 years with a salvage value of P5000. Determine the depreciation charge during the 13th year and the book value at the end of 13 years by: (a.) Declining balance method (b.) Double declining balance method (c.) sinking fund method at 12% (d.) SYD method

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