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An industrial plant bought a generator set for ₱90,000. Other expenses including installation amounted to ₱10,000. 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 and the book value at the end of 13 years by the (a) SYD Method. Ans: (a) ₱3,105; ₱11,209

An industrial plant bought a generator set for ₱90,000. Other expenses including installation amounted to ₱10,000. 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 and the book value at the end of 13 years by the (a) SYD Method. Ans: (a) ₱3,105; ₱11,209

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 industrial plant bought a generator set for ₱90,000. Other expenses including installation amounted to ₱10,000. 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 and the book value at the end of 13 years by the (a) SYD Method.

Ans: (a) ₱3,105; ₱11,209

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