Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company bought a telecommunication equipment for P900,000 . Other expenses including installation amount to P120,000 . The equipment is set to have 12 years

A company bought a telecommunication equipment for P900,000. Other expenses including installation amount to P120,000. The equipment is set to have 12 years with the salvage value at the end of life of P52,000. Determine the depreciation charge during the 5th year and the book value at the end of the 7th years by

(a) Straight-line method

(b) Declining balance method

(c) Double declining balance method

(d) SYD method

(e) Sinking fund method with i=13%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Assurance Services And Ethics In Australia

Authors: Alvin Arens

10th Edition

1488609136, 978-1488609138

More Books

Students also viewed these Accounting questions