Question: Please show a detailed solution with given. Thank you. A machine costs P326,000, last 8 years and has a salvage value at the end of

Please show a detailed solution with given. Thank you.

A machine costs P326,000, last 8 years and has a salvage value at the end of life of P30,000. Determine the depreciation charge during the 4th year and the book value at the end of 4 years using.

  1. Straight Line Method
  2. Sinking Fund Method @ i=10%
  3. Declining Balance Method
  4. Double Declining Balance Method
  5. Sum-of-the-Years-Digit Method

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