Using the sum of the yearsdigit method, how muchwould be the book value ofthe asset on the year 2017?Php 24,000Php 22,650Php 11,016Php 15,000Using straight line depreciation, how much would be the book value ofthe asset on the year 2017?Php 24,000Php 22,650Php 11,016O Php 15,000 James purchased a factory machine of Php 51,000 on January 1, 2015. Themachine is expected to have a salvage value of Php 6,000 at the end of its 5 yearuseful life. During the useful life, the machine is expected to be used for 5,000hours. The machine was used as under:YearsHours used20151.200201680020171.150201885020191.000

Name: Using the sum of the yearsdigit method, how muchwould be the book val
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Description: Using the sum of the yearsdigit method, how muchwould be the book value ofthe asset on the year 2017?Php 24,000Php 22,650Php 11,016Php 15,000Using straight line depreciation, how much would be the book value ofthe asset on the year 2017?Php 24,000Ph

Solution Concept Under straight line method of depreciation , annual depreciation expense is charged…

Answered: Using the sum of the years digit…

Business

Accounting

Using the sum of the years digit method, how much would be the book value of the asset on the year 2017?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter9: Capital Budgeting And Cash Flow Analysis

Section9.A: Depreciation

Problem 5P

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