2. A company bought an electrical equipment worth Php 235,000 with useful life of 10 years. What are the book values of the asset at the end of year if the equipment has a salvage value of Php 15,000 using: a. Straight Line Method b. Sinking Fund Method at 12% interest rate c. Declining Balance Method d. Double Declining Balance Method Sum-of-the-Year's-Digit Method e.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Please answer Double declining balanced method and Sum of the Year's Digit Method

2. A company bought an electrical equipment worth Php 235,000 with useful life of 10 years.
What are the b0ok values of the asset at the end of year if the equipment has a salvage value
of Php 15,000 using:
a. Straight Line Method
b. Sinking Fund Method at 12% interest rate
c. Declining Balance Method
d. Double Declining Balance Method
e. Sum-of-the-Year's-Digit Method
Transcribed Image Text:2. A company bought an electrical equipment worth Php 235,000 with useful life of 10 years. What are the b0ok values of the asset at the end of year if the equipment has a salvage value of Php 15,000 using: a. Straight Line Method b. Sinking Fund Method at 12% interest rate c. Declining Balance Method d. Double Declining Balance Method e. Sum-of-the-Year's-Digit Method
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