Compute the accumulated depreciation at the end of year 5 of an equipment which wa purchased at P5 000 000 and with installation fee of P175 000 using double declining balance method. The equipment has an economic life of 20 years. P2056773.62 O P2119214.25 O P2071129.03

Compute the accumulated depreciation at the end of year 5 of an equipment which wa purchased at P5 000 000 and with installation fee of P175 000 using double declining balance method. The equipment has an economic life of 20 years. P2056773.62 O P2119214.25 O P2071129.03

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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Question

ENGINEERING ECONOMY

Compute the accumulated depreciation at the end of year 5 of an equipment which was
purchased at P5 000 000 and with installation fee of P175 000 using double declining
balance method. The equipment has an economic life of 20 years.
O P2056773.62
O P2119214.25
O P2071129.03
O P2029867.11

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