Question: QUESTION 11 Buckle Company is considering different depreciation methods that should be applied to its factory equipment. Depreciation expense for five years using different methods

QUESTION 11

  1. Buckle Company is considering different depreciation methods that should be applied to its factory equipment. Depreciation expense for five years using different methods are presented below:

Year

Straight-Line

Double-Declining

Sum-of-the-Years’ Digit

1

70,000

160,000

116,667

2

70,000

96,000

93,333

3

70,000

57,600

70,000

4

70,000

34,560

46,667

5

70,000

1,840

23,333

  1. How much is the estimated residual value?

a.

0

b.

Php 25,000

c.

Php 50,000

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