4. A machine is purchased for Php 7,500 and has a salvage value of X at the end of 14 years. The machine is depreciated using SOYD method. At the end of the 5th year, the machine has a book value of Php 3,550. At the time, the depreciation method changed to the straight-line method for the remaining years. Determine the new depreciation charge for year 10.
4. A machine is purchased for Php 7,500 and has a salvage value of X at the end of 14 years. The machine is depreciated using SOYD method. At the end of the 5th year, the machine has a book value of Php 3,550. At the time, the depreciation method changed to the straight-line method for the remaining years. Determine the new depreciation charge for year 10.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:4. A machine is purchased for Php 7,500 and has a salvage value of X at the end of 14 years. The machine
is depreciated using SOYD method. At the end of the 5th year, the machine has a book value of Php
3,550. At the time, the depreciation method changed to the straight-line method for the remaining
years. Determine the new depreciation charge for year 10.
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