EXERCISE-3 DEPRECIATION AND DEPLETION 6. A concrete hollow block (CHB) machine costs P40,000 and the salvage value is P4,000 after 6 years. If it can make 108,000 pieces of hollow blocks within the useful life, find the depreciation charge at the year 1999 if it made 15,000 pieces only.

EXERCISE-3 DEPRECIATION AND DEPLETION 6. A concrete hollow block (CHB) machine costs P40,000 and the salvage value is P4,000 after 6 years. If it can make 108,000 pieces of hollow blocks within the useful life, find the depreciation charge at the year 1999 if it made 15,000 pieces only.

Name: EXERCISE-3DEPRECIATION AND DEPLETION6. A concrete hollow block (CHB)
Uploaded: 2024-03-05T11:50:36.000Z
Channel: Bartleby
Description: EXERCISE-3DEPRECIATION AND DEPLETION6. A concrete hollow block (CHB) machine costs P40,000 and the salvage valueis P4,000 after 6 years. If it can make 108,000 pieces of hollow blocks withinthe useful life, find the depreciation charge at the year 1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

4 Construct the annual depreciation charge of an equipment purchased at a cost of P7,535,000 using double-dedining balance method if the estimated useful life is 10 years. determine also the estimated scrap value.
A diamond mining company has just purchased a new crystal extraction machine that cost $5000 and has an estimated salvage value of $1000 at the end of its 8-year useful life. What is its depreciation in Year 5 using the SOYD method? Question 19 options: a) $786 b) $655 c) $444 d) $859
cak SITUATION 4: A forklift is worth P10.2M. It has a lifetime of 11 years and has a salvage value of 3.2M. 30. How much is it worth after 4 years using 00 Straight Line Method of Depreciation? a. P8.125M b. P7.655M c. P7.156M d. P8.125M 31. How much is it worth after 4 years using Matheson's formula of depreciation? b. 27.938M d. P6.825M a. P7.716M C. P6.692M 32. How much is it worth after 4 years using Double Declining Balance Method? b. P4.571M a. $4.216M C. P5.716M d. #5.893M 33. How much is it worth after 4 years using Sinking Fund Method with i=10%? a. P1.753M b. P1.935M c. P8.265M d. P8.447M PROBL EM 34:
11 A sand mixing device costs $48,000. At the end of 5 years, the salvage value is $18,000. Using straight-line depreciation, find out the how much is accumulated depreciation over the 5-year life of the machine? sut of O A. $35000 uestion O B. $30000 OC. $37000 13 A company bought a machine for BD 250,000 which has a useful life of 10 years and can be sold for BD50,000 at the end of its useful life. Determine the depreciation on the 8th year and book value at the end of 8th year using sinking fund if interest is 12%. ut of
Choose the correct answer in the choices bellow or use Excel
#2 Depreciation (Straight Line Method) 2. A heavy-duty copying machine was procured for P100,000 with an estimated salvage value of P10,000 after 10 years. What is the book value after 5 years?
V A printing equipment cost P500,000 and the cost of handling and installing is P30,000. The life of the equipment is 5 years. If the book value of the equipment at the end of 3rd year is P146,000, compute the salvage value of this equipment using SYD Method. a)P23,123 b)P50,118 c)P43,194 d)P65,109 e)none of these
Engineering Economy, Chapter 16: Depreciation Methods The manager of a Glidden Paint manufacturing plant is planning to use SL, DDB or MACRS to compare the total depreciation of the first 3 years for a recently purchased mixer that has a first cost of 300,000 QAR, a 5-year recovery period, and a 60,000 QAR salvage value. Find total depreciation of the first three years and the book value at year 3 using SL, DDB and MACRS.
2
dev
ASAP
4