The equipment in a power station costs IQD 30,000,000 and has a salvage value of IQD 1,200,000 at the end of 25 years. Determine the depreciated value of the equipment at the end of 20 years on the following methods :(i) Straight line method ;(ii) Diminishing value method ;(iii) Sinking fund method at 8% compound interest annually

The equipment in a power station costs IQD 30,000,000 and has a salvage value of IQD 1,200,000 at the end of 25 years. Determine the depreciated value of the equipment at the end of 20 years on the following methods :(i) Straight line method ;(ii) Diminishing value method ;(iii) Sinking fund method at 8% compound interest annually

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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