Question: An equipment costs Php 1 0 , 0 0 0 with a salvage value of Php 5 0 0 at the end of 1 0

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:
a. straight line method
depreciation charge: Php?
book value: Php?
b. sinking fund method at 4% interest
depreciation charge: Php ?
book value: Php ?
c. double declining balance method
depriciation charge: Php?
bool value: Php?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!