An industrial plant bought a generator set for P 90,000. Other expenses including installation amounted to P10,000. The generator set is to have a life of 17 years with a salvage value at the end of life of P 5,000. Determine the depreciation charge during the 13th year and the book value at the end of 13 years by the ff method: a. Sinking fund method at 12% b. SYD Method

An industrial plant bought a generator set for P 90,000. Other expenses including installation amounted to P10,000. The generator set is to have a life of 17 years with a salvage value at the end of life of P 5,000. Determine the depreciation charge during the 13th year and the book value at the end of 13 years by the ff method: a. Sinking fund method at 12% b. SYD 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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