A machine costs P 8,000 and an estimated life of 10 years with a salvage value of P500. What is the book value after 8 years using the straight-line method?

A company purchases an asset for P10,000 and plans to keep it for 20 years. the salvage value is zero at the end of the 20th year. What is the depreciation value in the 3rd year? Use Sum-of-the-Years-Digits Depreciation Method. For determining For the sum of years, you can use n(n+1)/2 as a formula, where n=useful life