50. Determine the depreciation charged during the 5th year using sum of the year digit method of a machine worth P1 million. Freight and installation charge amounted to 3% of the purchase price and the machine shall be depreciated over a period of 8 years with a salvage value of 12%. a. P 121000.20 b. P 100711.11 c. P 13400.34 d. P 12600.20 е. None of the above

50. Determine the depreciation charged during the 5th year using sum of the year digit method of a machine worth P1 million. Freight and installation charge amounted to 3% of the purchase price and the machine shall be depreciated over a period of 8 years with a salvage value of 12%. a. P 121000.20 b. P 100711.11 c. P 13400.34 d. P 12600.20 е. None of the above

Name: 50. Determine the depreciation charged during the 5th year using sum
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Description: 50. Determine the depreciation charged during the 5th year using sum of the year digit method of amachine worth P1 million. Freight and installation charge amounted to 3% of the purchase priceand the machine shall be depreciated over a period of 8 y

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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