Question
1.)the semi-annual payment of a P15,000 debt to be amortized by 5 equal payments at the end of each 6 months at a rate of
1.)the semi-annual payment of a P15,000 debt to be amortized by 5 equal payments at the end of each 6 months at a rate of 15% compounded semi-annually. The first payment is to commence 3 years after.construct an amortization schedule showing the principal at the beginning of the year, the annual interest, annual payment and the principal repaid.
2. A Construction firm bought one (1) unit Luffer type 50 Tons capacity tower crane and one(1) unit twin cage hoist elevator for their high rise building project for P 6,000,000. Freight and installation cost amounted to 3% of the original price. If the equipment shall be depreciated over a period of 20 years at a salvage value of 5%. What is the book value at the end of 13 years using the following method;
Declining balance method (5pts)
a. P 881,696.22 b. P 810,135.12 c. P 918,520 d. P 741,200.08
Double declining balance method(5pts)
a. P 1,427,354 b. P1,430,455 c. P 1,570,873 d. P 1,415,200
Sinking fund method at 12% interest(5pts)
a. P 3,727,354 b. P 3,950,558 c. P 3,896,123 d. P 401,200
SYD method(5pts)
a. P 1,091,800 b. P1, 123,215 c. P 1,290,520 d. P1,141,200
PLEASE ANSWER ASAP
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