1. A company bought a telecommunication equipment for P280,000. Other expenses including installation amount to P35,000. The equipment is set to have 12 years with the salvage value at the end of life of P23,000. Determine the depreciation charge during the 5th year and the book value at the end of the 8th years by (a) declining balance method (b) straight-line method

1. A company bought a telecommunication equipment for P280,000. Other expenses including installation amount to P35,000. The equipment is set to have 12 years with the salvage value at the end of life of P23,000. Determine the depreciation charge during the 5th year and the book value at the end of the 8th years by (a) declining balance method (b) straight-line method

Name: 1. A company bought a telecommunication equipment for P280,000. Other
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Description: 1. A company bought a telecommunication equipment for P280,000. Other expenses includinginstallation amount to P35,000. The equipment is set to have 12 years with the salvage value at theend of life of P23,000.Determine the depreciation charge durin

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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