An company bought a telecommunication equipment for P160,000. Other expenses including installation amount to P24,000. The generator is set to have a 10 years with the salvage value at the end of life of P15,000. Determine the depreciation charge during the 5tn year and the book value at the end of the 7th years by (a) declining balance method, (b) sinking fund method, (c) SYD method and (d) straight-line method.

An company bought a telecommunication equipment for P160,000. Other expenses including installation amount to P24,000. The generator is set to have a 10 years with the salvage value at the end of life of P15,000. Determine the depreciation charge during the 5tn year and the book value at the end of the 7th years by (a) declining balance method, (b) sinking fund method, (c) SYD method and (d) straight-line 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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