a. straight line method depreciation charge: Php 6650 book value: Php 3350 b. sinking fund method at 4% interest depreciation charge: Php 6249.64 book value: Php 3750.36
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- A machine costs P7,000, last 8 years and has a salvage value at the end of life of P350. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by the a. straight line method. b. declining balance method C. SYD method, and d. sinking fund method with interest at 12%,3. An equipment cost PHP 10,000 with salvage value of PHP 500 at the end of 10 years. Calculate the annual depreciation cost by straight line method and sinking fund method at 4% interest.Using the following data, solve for the depreciation and book value and prepare tabulation of book value using Sum-of-Years Digit (SOYD) Method. First cost = ₱10,000 Salvage Value = ₱500 Life of Property = 5 years m = 3 years For sinking fund method, assume 10% interest rate.
- ECONOMICS A machine cost P 1,800,000.00. It has a salvage value of P 300,000.00 at the end of 5 years. If money is worth 6% annually. Determine the depreciation charge during the 3" year and the book value at the end of 3 years by the: (a) Straight Line Method (b) Sinking Fund Method (c) Declining Balance Method (d) Double Declining Balance Method (e) Sum-of-the-Year-Digits MethodA machine costs P 8,000 which last for 7 years with a salvage value at the end of its life of P 355. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by: Sinking Fund Method with interest of 12%; Double Declining Balance Method MACRSUsing the following data, solve for the depreciation and book value and prepare tabulation of book value using a) Straight Line Method, b) Sinking Fund Method, c) Declining Balance Method First cost = ₱10,000 Salvage Value = ₱500 Life of Property = 5 years Number of Years = 3 years For sinking fund method, assume 10% interest rate.
- Using the following data, solve for the depreciation and book value and prepare tabulation of book value using a) Straight Line Method, b) Sinking Fund Method, c) Declining Balance Method, and d) Sum-of-Years Digit (SOYD) Method. First cost = ₱10,000 Salvage Value = ₱500 Life of Property = 5 years m = 3 years For sinking fund method, assume 10% interest rate.1. An equipment has a first cost of P500,000 and the cost of installation is P30,000. If the salvage value is 10% equipment cost at the end of the its useful life of 5 years. Compute the book value at the end of 3rd year. Using: A. Straight Line Method B. Sum of Years Digit Method C. Sinking Fund Method (if money is worth 6% per annum) D. Declining Balance Method E. Using Double Declining Balance MethodA machine costs P 8,000 which last for 7 years with a salvage value at the end of its life of P 355. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by: (a) Straight Line Method; (b) Declining Balance Method; (c) SOYD Method; (d) Sinking Fund Method with interest of 12%; (e) Double Declining Balance Method (f ) MACRS Note: Clear handwritten solutions only please
- An equipment costs Php 10,000 with a salvage value of Php 500 at the end of 10 years. Calculate the total depreciation charge and book value at the end of 7 years using:An Equipment costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annual depreciation cost by sinking fund method at 4% interestA machine costs P 8,000 which last for 7 years with a salvage value at the end of its life of P 355. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by: (a) Straight Line Method; (b) Declining Balance Method; (c) SOYD Method; (d) Sinking Fund Method with interest of 12%; (e) Double Declining Balance Method (f ) MACRS