for erecting tall buildings. It wasat P250,000.00Brokerage, bank, arrester fees, custom duties, permits, etc. total P120,000.00. Atthe end of 10 years, he expects to sell it for P50, 000. Prepare a depreciation scheduleA mechanical engineer bought a gantry craneinsurance,invoicedfrom JAPAN CIF(cost,and freight) Manilafor each of the following methods :1. Straight Line Method.2. Sinking Fund Method at 1243. Declining Balance Method.4. Double Declining Balance Method.5. SYD Method.

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A mechaniical engineer bought a gantry crane for erecting tall buildings. invoiced from JAPAN CIF (cOst, Brokerage, bank, arrester fees, custom duties, permits, etc. total P120, 000.00. At the end of 10 years, he expects to sell it for P50,000. Prepare a depreciation schedule for each of the following methods: It was insurance, and freight) Manila at P250,000.00 1. Straight Line Method. 2. Sinking Fund Method at 124 3. Declining Balance Method. 4. Double Declining Balance Mathod. 5. SYD Method.

A mechaniical engineer bought a gantry crane for erecting tall buildings. invoiced from JAPAN CIF (cOst, Brokerage, bank, arrester fees, custom duties, permits, etc. total P120, 000.00. At the end of 10 years, he expects to sell it for P50,000. Prepare a depreciation schedule for each of the following methods: It was insurance, and freight) Manila at P250,000.00 1. Straight Line Method. 2. Sinking Fund Method at 124 3. Declining Balance Method. 4. Double Declining Balance Mathod. 5. SYD Method.

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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