The initial cost of an evaporative crystallizer including its installation is Php 930,000. The approve lif the equipment is 13 years for depreciation. The estimated salvage value of the equipment is Php 5,000 and the cost of dismantling is Php 22,000. Using SOYD/SYD, what is the annual depreciation harge and what is the book value of the machine at the end of the eight year?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1. The initial cost of an evaporative crystallizer including its installation is Php 930,000. The approve life
of the equipment is 13 years for depreciation. The estimated salvage value of the equipment is Php
66,000 and the cost of dismantling is Php 22,000. Using SOYD/SYD, what is the annual depreciation
charge and what is the book value of the machine at the end of the eight year?
Transcribed Image Text:1. The initial cost of an evaporative crystallizer including its installation is Php 930,000. The approve life of the equipment is 13 years for depreciation. The estimated salvage value of the equipment is Php 66,000 and the cost of dismantling is Php 22,000. Using SOYD/SYD, what is the annual depreciation charge and what is the book value of the machine at the end of the eight year?
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