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Consider the information below for numbers 1 to 3. Choose the letter of the correct answer. If the answer is not in the choices, write
Consider the information below for numbers 1 to 3. Choose the letter of the correct answer. If the answer is not in the choices, write the word "None" and your answer beside it. All values of money are in pesos and i = 12%. MACHINE | AMA Initial Cost 230,000 Useful Life 6 years Salvage 35,000 Value Depreciation Sinking Method Fund MACHINE STI 750,000 15 years Negligible Double Declining Balance MACHINE MACHINE TIP KMU 500,000 350,000 5 years 23,000 hours 100,000 45,000 Straight Line Unit Production 1. How much is the book value of machine STI at the end of sixth year? a.) Php. 432,185 c.) Php. 234,815 b.) PhP. 317,815 d.) Php. 137,185 2. If SYD method of depreciation will be used for machine STI, how much is its book value at the end of sixth year? a.) PhP. 815,520 c.) Php. 281,250 b.) PhP. 581,250 d.) PhP. 182,520 3. Considering that the book value of machine KMU at the end of the third year is PhP. 295,325. Determine the number of hours of usage during the third year. a.) 4123 hours c.) 2341 hours b.) 3421 hours d.) Cannot be determined
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