An Industrial plant bought a generator set for P20,000, Other expenses including installation amounted to P10,000. The generator is to have 17 years with a Salvage valuc at the end of life of P5,000. Determine the book value at the end of 12 years by the following method; Declining balance method a. P10,118 b. P12 068 c. P14,393 d. P8,483 Sinking fund method at 12% a. P45

An Industrial plant bought a generator set for P20,000, Other expenses including installation amounted to P10,000. The generator is to have 17 years with a Salvage valuc at the end of life of P5,000. Determine the book value at the end of 12 years by the following method; Declining balance method a. P10,118 b. P12 068 c. P14,393 d. P8,483 Sinking fund method at 12% a. P45

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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PLEASE SKIP IF YOU HAVE ALREADY DONE THIS.
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