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A company purchased a machine for P15,000. It paid sales tax and shipping costs of P1,000 and nonrecurring installation costs amounting to P1,200. At the
A company purchased a machine for P15,000. It paid sales tax and shipping costs of P1,000 and nonrecurring installation costs amounting to P1,200. At the end of five years, the company had no further use for the machine, so it was sold for P1,000. If 200% declining balance is used, 1. What is the depreciation at the end of year 3 using Straight Line, Declining Balance, and SYD methods? 2 What is the machine's remaining value at the beginning of the 4th year using the different methods mentioned above
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