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Answer the ff in paper pls use the formulas below. 1. The department bought a unit of a universal testing machine for P1,750,000 with an

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Answer the ff in paper pls use the formulas below. 1. The department bought a unit of a universal testing machine for P1,750,000 with an estimated life of 15 years. Its salvage value is 85% less than the first cost. Determine the total depreciation after 4 years using sinking fund depreciation method using j=7%. 2.A geotechnical laboratory purchased an automatic sieving machine from Germany for P150,000 with an estimated life of 5 years. Freight charges amounted to 20% of the purchase price. If the machine shall be depreciated over a period of eight years with a salvage value of 10% of the first cost, determine the depreciation on the first year using sinking fund depreciation method with =35% 3.On September 21, 2016, DMCI purchased 50 units of vibratory compactors for their land development projects which amounted to P350,000,000. Depreciation has been computed by the sinking fund method based on an estimated useful life of 25 years and residual scrap value of P75,000,000. What would be the book value on September 21, 2020? Use j=5%. 4.A hauling truck was bought by a land development company for P1,400,000 three years ago. It will have a salvage value of P600,000 six years from now. It is sold now for P800,000. What is the sunk cost if the depreciation method used is sinking fund (i=6%)? Formula for STRAIGHT LINE METHOD Formula for Sinking fund Method Annual Depreciation (AD) = (F.C. - S.V) Annual Depreciation A = (F.C. - S.V) i (1+i)-1 n Total Depreciation after "x" years = (F.C.-5.v.) Total Depreciation after "x" years Dep = A[(1 + i)* 1] n Book Value = F.C. - total depreciation Book Value = F.C. - total depreciation | Answer the ff in paper pls use the formulas below. 1. The department bought a unit of a universal testing machine for P1,750,000 with an estimated life of 15 years. Its salvage value is 85% less than the first cost. Determine the total depreciation after 4 years using sinking fund depreciation method using j=7%. 2.A geotechnical laboratory purchased an automatic sieving machine from Germany for P150,000 with an estimated life of 5 years. Freight charges amounted to 20% of the purchase price. If the machine shall be depreciated over a period of eight years with a salvage value of 10% of the first cost, determine the depreciation on the first year using sinking fund depreciation method with =35% 3.On September 21, 2016, DMCI purchased 50 units of vibratory compactors for their land development projects which amounted to P350,000,000. Depreciation has been computed by the sinking fund method based on an estimated useful life of 25 years and residual scrap value of P75,000,000. What would be the book value on September 21, 2020? Use j=5%. 4.A hauling truck was bought by a land development company for P1,400,000 three years ago. It will have a salvage value of P600,000 six years from now. It is sold now for P800,000. What is the sunk cost if the depreciation method used is sinking fund (i=6%)? Formula for STRAIGHT LINE METHOD Formula for Sinking fund Method Annual Depreciation (AD) = (F.C. - S.V) Annual Depreciation A = (F.C. - S.V) i (1+i)-1 n Total Depreciation after "x" years = (F.C.-5.v.) Total Depreciation after "x" years Dep = A[(1 + i)* 1] n Book Value = F.C. - total depreciation Book Value = F.C. - total depreciation |

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