PROBLEM 2: A certoun organization adecided to acquirea state of the art production equipment thatwill Cost 2, 000,000 pesos.Shipping is 69000 rto be paid iš 75,000, Using the decliningbalance method and double declining bakanCEmethod. Finda) the depreciation cost for ts 3rd year of useb) the total depreciation tor e yearsO the salyage valye if it is exxpectedto last for 15The amocent ofand the Installation chargeryears,o If the annual rate of depreciation forDBM is 9.5%,

Name: PROBLEM 2: A certoun organization adecided to acquirea state of the a
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Description: PROBLEM 2: A certoun organization adecided to acquirea state of the art production equipment thatwill Cost 2, 000,000 pesos.Shipping is 69000 rto be paid iš 75,000, Using the decliningbalance method and double declining bakanCEmethod. Finda) the dep

Solution Given Purchase price 2000000 Shipping charge 60000 Installation cost…

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a state of the art prodaction equipment that will Cost 2, 00,000 pesos. The amount of Shipping is G9 000 and fhe Installation charg to be paid is 75,000, Usıng the declining balance method and double declining baka method. Find a) the depreciation cost for its 3rd year of c b) the total depreciation for 8 the salyage valye, If t is pxpested

a state of the art prodaction equipment that will Cost 2, 00,000 pesos. The amount of Shipping is G9 000 and fhe Installation charg to be paid is 75,000, Usıng the declining balance method and double declining baka method. Find a) the depreciation cost for its 3rd year of c b) the total depreciation for 8 the salyage valye, If t is pxpested

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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