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The UST-ECE Department purchased a Communications Trainer worth P 250,000. Freight and insurance charges amounted to P 18,000; customs’, cargo and broker’s fee, P 8,500; taxes, permits, and other expenses, P 25,000. If the estimated life of the trainer is 10 years with a salvage value at the end of life of P 20,000 Using DBM: The depreciation charge during the 4th year is:  P 31,745.65                         B. P 35,827.27                         C. P 71,408.09                         D. P 31,818.18   The book value at the end of 6 years is:  P 71,181.82                         B. P 59,201.5371,181.82                         C. P 49,095.01                         D. P 61,818.18

The UST-ECE Department purchased a Communications Trainer worth P 250,000. Freight and insurance charges amounted to P 18,000; customs’, cargo and broker’s fee, P 8,500; taxes, permits, and other expenses, P 25,000. If the estimated life of the trainer is 10 years with a salvage value at the end of life of P 20,000 Using DBM: The depreciation charge during the 4th year is:  P 31,745.65                         B. P 35,827.27                         C. P 71,408.09                         D. P 31,818.18   The book value at the end of 6 years is:  P 71,181.82                         B. P 59,201.5371,181.82                         C. P 49,095.01                         D. P 61,818.18

FINANCIAL ACCOUNTING
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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The UST-ECE Department purchased a Communications Trainer worth P 250,000. Freight and insurance charges amounted to P 18,000; customs’, cargo and broker’s fee, P 8,500; taxes, permits, and other expenses, P 25,000. If the estimated life of the trainer is 10 years with a salvage value at the end of life of P 20,000

Using DBM:

The depreciation charge during the 4th year is: 

  1. P 31,745.65                         B. P 35,827.27                         C. P 71,408.09                         D. P 31,818.18

 

The book value at the end of 6 years is: 

  1. P 71,181.82                         B. P 59,201.5371,181.82                         C. P 49,095.01                         D. P 61,818.18
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