Please answer items 9,10,11 and 12. Thank you. 9. A gasoline engine has an annual depreciation of P13,000 for 15 years and salvagevalue of P20,000. Using sinking fund depreciation with 15% interest. Determine thefirst cost of the engine.10. A machine costs P15,000 was old as scrap after being used for 12 years. If the scrapvalue was P650, determine the book value after 7years.(Use Straight Line Method)11. An equipment has a first cost of P10,000 a salvage value of P1000 at the end of 10years. Determine the book value after 5 years using declining balance method.12. An asset is purchased for P7,500. It estimated life is 8 years after which it will besold for P1500. Find the book value during the first-year sum-of -years digit (SOYD)depreciation is used.

Sinking Fund Depreciation Method: To finance the asset replacement, sinking fund depreciation is…

Answered: value of P20,000. Using sinking fund…

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value of P20,000. Using sinking fund depreciation with 15% interest. Determine the first cost of the engine.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Please answer items 9,10,11 and 12. Thank you.

9. A gasoline engine has an annual depreciation of P13,000 for 15 years and salvage
value of P20,000. Using sinking fund depreciation with 15% interest. Determine the
first cost of the engine.
10. A machine costs P15,000 was old as scrap after being used for 12 years. If the scrap
value was P650, determine the book value after 7years.
(Use Straight Line Method)
11. An equipment has a first cost of P10,000 a salvage value of P1000 at the end of 10
years. Determine the book value after 5 years using declining balance method.
12. An asset is purchased for P7,500. It estimated life is 8 years after which it will be
sold for P1500. Find the book value during the first-year sum-of -years digit (SOYD)
depreciation is used.

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