A machinery worth BD20,000 has a lifetime of10 years and a salvage value of Rs. 1500. Calculate the accumulated depreciation and book value at the end 10th year by if annual interest rate is 9% using Sinking fund method, Service output method. Show the calculation in a table for all years.

A machinery worth BD20,000 has a lifetime of10 years and a salvage value of Rs. 1500. Calculate the accumulated depreciation and book value at the end 10th year by if annual interest rate is 9% using Sinking fund method, Service output method. Show the calculation in a table for all years.

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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Question

A machinery worth BD20,000 has a lifetime of10 years and a salvage value of Rs. 1500.
Calculate the accumulated depreciation and book value at the end 10th year by if annual interest
rate is 9% using Sinking fund method, Service output method. Show the calculation in a table for all
уears.

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