3. An office equipment cost P25,000 brand new. It has an estimated salvage value of P1,500 at the end of 10 years. Find the book value at the end of 5 years using Sinking fund method with interest 5%.
3. An office equipment cost P25,000 brand new. It has an estimated salvage value of P1,500 at the end of 10 years. Find the book value at the end of 5 years using Sinking fund method with interest 5%.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
SUBJECT:
TOPIC: SINKING FUND METHOD
PLEASE ANSWER THE FIRST QUESTION AND MAKE A BASIS ON THE SECOND PICTURE
![3. An office equipment cost P25,000
brand new. It has an estimated salvage
value of P1,500 at the end of 10 years.
Find the book value at the end of 5 years
using Sinking fund method with interest
5%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F302839aa-135a-40c2-ab42-9dff07050dc2%2Fdbc66bf0-f419-4515-93c5-f7d74726d97f%2Fdcr8uva_processed.png&w=3840&q=75)
Transcribed Image Text:3. An office equipment cost P25,000
brand new. It has an estimated salvage
value of P1,500 at the end of 10 years.
Find the book value at the end of 5 years
using Sinking fund method with interest
5%.
![✓ d=
Co-C₂
Co-C₂
F/A. 1%. L 01-04-1
D₁ = d (F/A.1%.n) ✔
D₁ = (Co-C₂₁)
C₁ = Co-Dn.
(F/A.1%. n)
F/A.1%. L](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F302839aa-135a-40c2-ab42-9dff07050dc2%2Fdbc66bf0-f419-4515-93c5-f7d74726d97f%2Fboqtbvf_processed.png&w=3840&q=75)
Transcribed Image Text:✓ d=
Co-C₂
Co-C₂
F/A. 1%. L 01-04-1
D₁ = d (F/A.1%.n) ✔
D₁ = (Co-C₂₁)
C₁ = Co-Dn.
(F/A.1%. n)
F/A.1%. L
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