A building was constructed at a cost of P1 000 000. This building was estimated tohave a useful life of 50 years with noscrap value. How much is the buildingworth at the end of 40 years ifdepreciation charges had been set asfollows: double declining for the first 15years; SYD for the succeeding 15 yearsand straight line method for the nextsucceeding 10 years.a. P90 347.74c. P63 145.45b. P80 312.5d. P45 641.2

n Depreciation is the amount which is to be reduced from value of assets to recognise the normal…

1 000 000. This building was estima have a useful life of 50 years w scrap value. How much is the bu worth at the end of 40 yea depreciation charges had been s follows: double declining for the fi years; SYD for the succeeding 15 and straight line method for the succeeding 10 years. a. P90 347.74 c. P63 145.45 b. P80 3 d. P456

1 000 000. This building was estima have a useful life of 50 years w scrap value. How much is the bu worth at the end of 40 yea depreciation charges had been s follows: double declining for the fi years; SYD for the succeeding 15 and straight line method for the succeeding 10 years. a. P90 347.74 c. P63 145.45 b. P80 3 d. P456

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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