Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 06, 2024

A machine costs P 8,000 which last for 7 years with a salvage value at the end of its life of P 355. Determine the

A machine costs P 8,000 which last for 7 years with a salvage value at the end of its life of P 355. Determine the depreciation charge during the 4th year and the book value at the end of 4 years by:

Double Declining Balance Method
MACRS

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

Recommended Textbook for

The Commanding Heights The Battle For The World Economy

Authors: Daniel Yergin, Joseph Stanislaw

1st Edition

068483569X, 9780684835693

More Books

Students also viewed these Economics questions

Question

★★★★★

An airline manufacturer incurred the following costs last month (in thousands of dollars): a. Airplane seats...

Answered: 1 week ago

Question

★★★★★

Consider the following variation of the Stack class defined in Listing 10.10: // stack.h -- class declaration for the stack ADT typedef unsigned long Item; class Stack { private: enum {MAX = 10}; //...

Answered: 1 week ago

Question

★★★★★

Discuss the roles of metacognition in learning and remembering.

Answered: 1 week ago

Question

★★★★★

Give examples of industries that are affected by seasonality. Why would these businesses want to filter out seasonality?

Answered: 1 week ago

Question

★★★★★

- Compound (x) in a food is decomposed with a rate constant of k=0.002 (mg/100g)-1 s-1 during a process applied at a certain temperature. Answer the following questions accordingly (40 points) a)...

Answered: 1 week ago

Question

★★★★★

Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturing facility $ 118,000 Office manager's salary 67,000 Wages of factory...

Answered: 1 week ago

Question

★★★★★

Which sentence best explains a paragraph? a A collection of sentences that discuss several ideas. b A collection of ideas in many sentences to explain a topic. c A paragraph is a collection of...

Answered: 1 week ago

Question

★★★★★

please help Two charged objects are located at the vertices of a right-angle triangle as shown. O A = - 5.0 PC 20 cm X

Answered: 1 week ago

Question

★★★★★

Why are the liabilities and shareholders equity accounts represented as negative on the consolidated balance sheet? LO 2-7 Prepare a worksheet to consolidate the accounts of two companies that form...

Answered: 1 week ago

Question

★★★★★

Country X has the following amounts in its balance of payment accounts: Current Account Capital Account Financial Account $500,000 $100,000 $500,000 If Country X residents buy $700,000 of goods and...

Answered: 1 week ago

Question

★★★★★

James was operating his cabin cruiser with his family a kilometer off the coast when he needed to go below to prepare a meal. He left his twelve-year-old son to drive the boat. While James was below...

Answered: 1 week ago

Question

★★★★★

Watch Kevin Plank give the keynote speech at the 2010 Cupids Cup for the Robert H. Smith School of Business at the University of Maryland (www.youtube.c om/watch?v=C8zI1mcmEkM). What are some of the...

Answered: 1 week ago

Question

★★★★★

According to McClellands manifest theory of motivation, people are motivated by the needs for achievement, power, and affiliation. Which of these needs would you attribute to Plank? If you were to...

Answered: 1 week ago

Question

★★★★★

What level of moral development do you believe is exhibited by Adam Neumann?

Answered: 1 week ago

Previous Question Next Question