22. A machine, initially costing Php 155000, is set to depreciate Php 20000 every ye fund method. How much must be invested every year to replace the asset with expensive machine costing Php 250000 after 5 years at an annual rate of 5%. a. Php 41346.88 b. Php 36547.78 C. Php 44487.37
22. A machine, initially costing Php 155000, is set to depreciate Php 20000 every ye fund method. How much must be invested every year to replace the asset with expensive machine costing Php 250000 after 5 years at an annual rate of 5%. a. Php 41346.88 b. Php 36547.78 C. Php 44487.37
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:22. A machine, initially costing Php 155000, is set to depreciate Php 20000 every year using sinking
fund method. How much must be invested every year to replace the asset with a better but more
expensive machine costing Php 250000 after 5 years at an annual rate of 5%.
a. Php 41346.88
b. Php 36547.78
c. Php 44487.37
d. Php 37,192.61
е.
None of the above
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