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40. An asset that cost P15,000 new has an estimated scrap value of P2,000 at the end of 10 years using constant percentage method, determine the rate of depreciation and the Book value at the end of 8 years. a. K=18.25%; BV = 3000 b. K 20.10; BV = 2934.40 C. K=18.25%; BV = 2992.22 d. K= 20.10% BV = 3000 e. None of the above 41. In problem no. 40, determine the total depreciation up to the end of 8th year %3D %3D с. %3D е. a. 13300.80 b. 12540.80 c. 12210.89 d. 12007.78 e. None of the above

40. An asset that cost P15,000 new has an estimated scrap value of P2,000 at the end of 10 years using constant percentage method, determine the rate of depreciation and the Book value at the end of 8 years. a. K=18.25%; BV = 3000 b. K 20.10; BV = 2934.40 C. K=18.25%; BV = 2992.22 d. K= 20.10% BV = 3000 e. None of the above 41. In problem no. 40, determine the total depreciation up to the end of 8th year %3D %3D с. %3D е. a. 13300.80 b. 12540.80 c. 12210.89 d. 12007.78 e. None of the above

FINANCIAL ACCOUNTING
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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40 & 41 pls
a. 4945.46 b. 5072.73 c. 5074.64 d. 4966.89 e. None of the above 40. An asset that cost P15,000 new has an estimated scrap value of P2,000 at the end of 10 years using constant percentage method, determine the rate of depreciation and the Book value at the end of 8 years. a. K=18.25%; BV = 3000 b. K 20.10%; BV = 2934.40 C. K=18.25%; BV = 2992.22 d. K= 20.10% BV = 3000 e. None of the above 41. In problem no. 40, determine the total depreciation up to the end of 8th year a. 13300.80 b. 12540.80 с. 12210.89 d. 12007.78 e. None of the above 7 9 - Q + Page
Transcribed Image Text:a. 4945.46 b. 5072.73 c. 5074.64 d. 4966.89 e. None of the above 40. An asset that cost P15,000 new has an estimated scrap value of P2,000 at the end of 10 years using constant percentage method, determine the rate of depreciation and the Book value at the end of 8 years. a. K=18.25%; BV = 3000 b. K 20.10%; BV = 2934.40 C. K=18.25%; BV = 2992.22 d. K= 20.10% BV = 3000 e. None of the above 41. In problem no. 40, determine the total depreciation up to the end of 8th year a. 13300.80 b. 12540.80 с. 12210.89 d. 12007.78 e. None of the above 7 9 - Q + Page
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