A machine costs P7,000, last 8 years and has a salvage value at the end of life of P350. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by the following methods at an interest rate of 12%. a) Straight line Method b) Declining Balance Method c) SYD Method
A machine costs P7,000, last 8 years and has a salvage value at the end of life of P350. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by the following methods at an interest rate of 12%. a) Straight line Method b) Declining Balance Method c) SYD Method
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![A machine costs P7,000, last 8 years and has a salvage value
at the end of life of P350. Determine the depreciation
charge during the 4th year and the book value at the end of 4
years by the following methods at an interest rate of 12%.
a) Straight line Method
b) Declining Balance Method
c) SYD Method](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F00f8c61d-dddb-49fd-b069-520843ca51a1%2F7307e6c0-f66b-43f2-abbb-b9b49e84b79c%2Fbvds1xp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A machine costs P7,000, last 8 years and has a salvage value
at the end of life of P350. Determine the depreciation
charge during the 4th year and the book value at the end of 4
years by the following methods at an interest rate of 12%.
a) Straight line Method
b) Declining Balance Method
c) SYD Method
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