1. A TV company purchased a machinery for P 100,000.00 on July 1, 2015. It is estimated that it will have a useful life of 10 years; scrap value of P 4,000.00; production of 400,00 units and working hours of 120,000. The company uses the machinery for 14,000 hours in 2015 and 18,000 hours in 2016. The machinery produces 36,000 units in 2015 and 44,000 units in 2016. Compute the depreciation for 2016 using each method given below: a. Straight Line Method (SLM) b. Working Hours c. Output method

1. A TV company purchased a machinery for P 100,000.00 on July 1, 2015. It is estimated that it will have a useful life of 10 years; scrap value of P 4,000.00; production of 400,00 units and working hours of 120,000. The company uses the machinery for 14,000 hours in 2015 and 18,000 hours in 2016. The machinery produces 36,000 units in 2015 and 44,000 units in 2016. Compute the depreciation for 2016 using each method given below: a. Straight Line Method (SLM) b. Working Hours c. Output method

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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