Question: A 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

A machine costs P 8,000 which last for 7 years with

A 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

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