An industrial plant bought a generator set for 90,000. Other expenses including installation amounted to 10,00o. The generator set is to have a life of 17 years with a salvage value at the end of life of 5,000. Determine the depreciation charge during the 13th year by the a) declining balance method b) double declining balance method c) sinking fund method at 12% and d) SYD method
An industrial plant bought a generator set for 90,000. Other expenses including installation amounted to 10,00o. The generator set is to have a life of 17 years with a salvage value at the end of life of 5,000. Determine the depreciation charge during the 13th year by the a) declining balance method b) double declining balance method c) sinking fund method at 12% and d) SYD method
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:An industrial plant bought a generator set for 90,000.
Other expenses including installation amounted to 10,00o.
The generator set is to have a life of 17 years with a
salvage value at the end of life of 5,000. Determine the
depreciation charge during the 13th year by the
a) declining balance method
b) double declining balance method
c) sinking fund method at 12% and
d) SYD method
Transcribed Image Text:Show the required, solution and box your final answer on
your answer sheets. Variables used outside of the discussion will not
be credited with full points unless defined.
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