Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4. SooYoung Industries presents you with the following information. Description Date Cost Purchased Residual Life in Depreciation Value Years Method Accumulated Depreciation Depreciation for 2020
4. SooYoung Industries presents you with the following information. Description Date Cost Purchased Residual Life in Depreciation Value Years Method Accumulated Depreciation Depreciation for 2020 to 12/31/19 Machine A 2/12/18 P159,000 P16,000 10 (a) P37,700 (b) Machine B 8/15/17 (c) 21,000 5 SL DDB (d) Machine C 7/21/16 88,000 28,500 8 DDB (e) (f) Machine D 10/12/(g) 219,000 69,000 5 SYD 70,000 (h) Instructions Complete the table for the year ended December 31, 2020. The company depreciates all assets using the half-year convention. (Find a to h) 4. SooYoung Industries presents you with the following information. Description Date Cost Purchased Residual Life in Depreciation Value Years Method Accumulated Depreciation Depreciation for 2020 to 12/31/19 Machine A 2/12/18 P159,000 P16,000 10 (a) P37,700 (b) Machine B 8/15/17 (c) 21,000 5 SL DDB (d) Machine C 7/21/16 88,000 28,500 8 DDB (e) (f) Machine D 10/12/(g) 219,000 69,000 5 SYD 70,000 (h) Instructions Complete the table for the year ended December 31, 2020. The company depreciates all assets using the half-year convention. (Find a to h)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started