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 e. 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 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 e. Sum-of-the-Year's-Digit 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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