A telephone company purchased a microwave radio equipment for P6,000,000. Freight and installation charges amounted to 3% of the purchased price. If the equipment is depreciated over an eight-year period with a salvage value of 5% of Co, determine: (show complete solution) 1. The annual depreciation charge Using SLDM: 2. The book value at the end of 5 years Using SLDM: 3. The annual depreciation charge Using SFDM: 4. The book value at the end of 5 years Using SFDM:

A telephone company purchased a microwave radio equipment for P6,000,000. Freight and installation charges amounted to 3% of the purchased price. If the equipment is depreciated over an eight-year period with a salvage value of 5% of Co, determine: (show complete solution) 1. The annual depreciation charge Using SLDM: 2. The book value at the end of 5 years Using SLDM: 3. The annual depreciation charge Using SFDM: 4. The book value at the end of 5 years Using SFDM:

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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