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badly need this asap. will give a thumbs up thank youuu Bobby Corp. acquired a machine at a total cost of P5,200,000. The estimated life
badly need this asap. will give a thumbs up thank youuu
Bobby Corp. acquired a machine at a total cost of P5,200,000. The estimated life of the machine is 8 years or total of 100,000 working hours with no salvage value. The operating hours of the machine totaled : 2014, 5 hours, 2015, 12,000 hours. The company follows the working hours method of depreciation. On Dec 31, 2015, the carrying amount of the machine is a. 4,940,000 b. 4,299,000 c. 3,900,000 d. 4,316,000 Blessing Corp. uses the sum-of-years' digits method to depreciate equipment purchased in January 2013 for 20,000. The estimated residual value of the equipment is 2,000 and the estimated useful life four years. What should be the depreciation expense for the year ended Dec. 31, 2015? a. 6.000 b. 3, 600 c. 5,400 d. 4,0001Step by Step Solution
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