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
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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2.1 Determine the depreciation charge

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
Transcribed Image Text: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
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