calculate the 5th year depreciation charge using a fixed percentage method of an asset costing P1,000 having a life expectancy of 5 years and an estimated salvage value of P400.

You are to create a year-by-year depreciation schedule for an asset that has a cost basis (B) of $950,000 and estimated salvage value (SV10) of $80,000 after 10 years. For the straight-line and 200% declining balance methods, use a depreciable life (N) of 10 years. For MACRS, use a recovery period (N) of 7-yrs. ΕΟΥ, Κ 0 1 2 3 4 5 6 7 8 9 10 Straight-Line dk BVk 950,000 Declining Balance dk BVk 950,000 MACRS dk BVk 950,000 Upload your table AND summary calculations to this assignment. You do not need to show EVERY calculation but you do need to include the equations you used to complete the table.

provide the cost of good sold statement for may 2022

5. A company buys an asset with a cost of $96,000. They decide on a 6-year useful life and a $6,000 salvage value. What is the MONTHLY depreciation using straight line depreciation?