Question: 1. A computer network costing P100,000 is being depreciated using the reducing balance method at 20% per annum. Find the net book value at end

1. A computer network costing P100,000 is being depreciated using the reducing balance method at 20% per annum. Find the net book value at end of year 3?(5)2. Differentiate between the straight-line method and the reducing balance method and give the other name for the reducing balance method of depreciation. (5)3. A business owns a machine that was bought on 1 January 2014 for P16,400. It has a useful life of three years and a residual value of P4,500 at that date. The machine is depreciated at 35% each year using the reducing balance method. What was the depreciation charge for the year ended 31 December 2015? P5,740 b) P3,731 c) P9,471 d) P6,929(5)

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