A MACHINE COSTS P 7,000,000.00 LAST 4 YEARS AND HAS A SALVAGE VALUE OF P 350,000. USE DELINING BALANCE METHOD AND DOUBLE DECLINING BALANC EMETHOD TO DETERMINE: A) THE DEPRECIATION CHARGES FROM YEAR 1 THROUGH 4 B) THE BOOK VALUE AT THE END OF EACH YEAR OF LIFE. C) COMPARE THE CASH FLOWS BETWEEN THE THWO METHODS

Q: An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the…

A: N = 15 years Cost = 250,000 Book Value at end = 30,000 SLM Depreciation Method

Q: A machine costs P 8,000 which last for 7 years with a salvage value at the end of its life of P 355.…

A: Depreciation is the decrease in the value of the asset due to wear and tear over the useful life of…

Q: You are to create a year-by-year depreciation schedule for an asset that has a cost basis (B) of…

A: The salvage Value is $80,000 The price of the Equipment is $950,000 Project life is 10 years To…

Q: An asset costs $19,000. At a depreciation rate of 20 percent, calculate its book value using…

A: Depreciation is considered as an expense that is charged on the value of the Asset. It can be…

Q: n equipment costing 50,000 has a book value of 4,000 after 8yrs. The depreciation is computed by…

A: Depreciation is the decrease in value of assets over the period but the rate of depreciation is…

Q: A tool is purchased for $500,000. The expected life is 25 years.  The salvage value is $100,000.…

A: This Numerical has covered the concept of Depreciation Accounting. There are many methods of…