A stamping machine was purchased for P500K. Its scrap value is estimated at P50K after it yields 150K stamps. Develop a depreciation schedule for the machine. Year 2 3 4 5 6 Total Yield 18,325 10,540 ? 30,142 7 15,427 150,000 Book value at year start 500,000 ? 413,405 ? ? ? Depreciation during the year ? ? ? ? 121,008 ? Accumulated depreciation ? ? 192,285 ? ? 7 Book value at year end ? 413,405 ? ? ? 50,000

A stamping machine was purchased for P500K. Its scrap value is estimated at P50K after it yields 150K stamps. Develop a depreciation schedule for the machine. Year 2 3 4 5 6 Total Yield 18,325 10,540 ? 30,142 7 15,427 150,000 Book value at year start 500,000 ? 413,405 ? ? ? Depreciation during the year ? ? ? ? 121,008 ? Accumulated depreciation ? ? 192,285 ? ? 7 Book value at year end ? 413,405 ? ? ? 50,000

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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