A certain office equipment has a first cost of PhP 20,00 and has a salvage value of PhP 1,000 at the end of 10 years. Determine the depreciation at the end of 6th year using the sinking fund method. Worth of money is 3%.

A certain office equipment has a first cost of PhP 20,00 and has a salvage value of PhP 1,000 at the end of 10 years. Determine the depreciation at the end of 6th year using the sinking fund method. Worth of money is 3%.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A certain office equipment has a first cost of PhP 20,000
and has a salvage value of PhP 1,000 at the end of 10
years. Determine the depreciation at the end of 6th year
using the sinking fund method. Worth of money is 3%.

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