XZelent Corporation purchased equipment at a cost of P18M. The cost of repairs amounted to P2.5M. The estimated salvage value after 15 years was P2M. Eight years later, the equipment is rehabilitated at a cost of P4M. Salvage value and economic life were expected to increase by P0.5M and five years. Using the (Sum of Years Depreciation) SYD method, determine the book value at the end of 15 years. (Ans. P4003 205.13)

XZelent Corporation purchased equipment at a cost of P18M. The cost of repairs amounted to P2.5M. The estimated salvage value after 15 years was P2M. Eight years later, the equipment is rehabilitated at a cost of P4M. Salvage value and economic life were expected to increase by P0.5M and five years. Using the (Sum of Years Depreciation) SYD method, determine the book value at the end of 15 years. (Ans. P4003 205.13)

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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