Answer these 3 questions below. pls write your solution on a paper. thank you 1. A Contractor imported a bulldozer for his job, paying P 350,000 to the Manufacturer it already included the Freight and Insurance charges amounting to P 18,000; customs’ broker’s fees and arrastre services, P 8,500; taxes, permits and other expenses, P 35,000. If the contractor estimates the life of the bulldozer to be 10 years with a salvage value of P 20,000, determine the book value at the end of 8 years, using the Straight-line Method. 2. An engineering firm purchased a second hand truck for P 530,000 and paid P 15,000 for freight and taxes to the job site. The equipment has a normal life of 10 years with a
Answer these 3 questions below. pls write your solution on a paper. thank you
1. A Contractor imported a bulldozer for his job, paying P 350,000 to the Manufacturer it already included the Freight and Insurance charges amounting to P 18,000; customs’ broker’s fees and arrastre services, P 8,500; taxes, permits and other expenses, P 35,000. If the contractor estimates the life of the bulldozer to be 10 years with a salvage value of P 20,000, determine the book value at the end of 8 years, using the Straight-line Method.
2. An engineering firm purchased a second hand truck for P 530,000 and paid P 15,000 for freight
and taxes to the job site. The equipment has a normal life of 10 years with a trade in value of P
50,000 against the purchase of a new equipment at the end of the life. Determine the annual
3. A company purchased an asset for P 10,000 and plans to keep it for 20 years. If the salvage value
is zero at the end of 20th year, what is the depreciation in the third year? Use SYD Method.
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