Answered step by step
Verified Expert Solution
Question
1 Approved Answer
b. working hours c. output method 2. On July 1, 2020, Dae Su Company purchased for P200,000 snow-making equipment having an estimated useful life
b. working hours c. output method 2. On July 1, 2020, Dae Su Company purchased for P200,000 snow-making equipment having an estimated useful life of 5 years with an estimated residual value of P20,000. Required: Complete the form below by determining the depreciation expense and year-end carrying amount of equipment for the year ended June 30, 2021 and 2022 using the 1. sum-of-the-years'-digits method. 2. double-declining-balance method 3. Ar of (i 4. A r a 5. 000.00 Sum-of-the-Years'-Digits Method 2021 000,003 Equipment ngs P200,000 932022 OP200,000 000,00 Less: Accumulated Depreciation blind won not 000 000 Carrying Amount 901192 000,0 Depreciation Expense for the Year
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