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An equipment costing P250, 000 has an estimated life of 15 years with a book value of P30, 000 at the end of the period. Compute the depreciation charge on the 10th year using declining balance method.

An equipment costing P250, 000 has an estimated life of 15 years with a book value of P30, 000 at the end of the period. Compute the depreciation charge on the 10th year using declining balance method.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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An equipment costing P250, 000 has an estimated life of 15 years with a book value of P30, 000 at the end of the period. Compute the depreciation charge on the 10th year using declining balance method. a. d = P9, 235.93; Cn P59, 987.34 b. d = P9, 456.78; Cn = P67, 456.98 C. d= P8, 987.45 Cn P60, 832.80 d. d = P9, 235.93; Cn P60, 832.80 %3D %3D %3D
Transcribed Image Text:An equipment costing P250, 000 has an estimated life of 15 years with a book value of P30, 000 at the end of the period. Compute the depreciation charge on the 10th year using declining balance method. a. d = P9, 235.93; Cn P59, 987.34 b. d = P9, 456.78; Cn = P67, 456.98 C. d= P8, 987.45 Cn P60, 832.80 d. d = P9, 235.93; Cn P60, 832.80 %3D %3D %3D
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