Consider the information below for numbers 1 to 9. 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 230,000 6 years MACHINE STI 750,000 15 years MACHINE TIP 500,000 5 years MACHINE KMU 350,000 23,000 hours Initial Cost Useful Life Salvage Value 35,000 100,000 45,000 Depreciation Sinking Method Fund Negligible Double Declining Balance Straight Line Unit Production 1. For machine TIP, how much is the accumulated depreciation after 3 years of use a.) PhP. 260,000 C.) PhP. 160,000 b.) PhP. 240,000 d.) PhP. 80,000 2. What is the depreciation of machine AMA at the end of year 2? a.) PhP. 205,976 c.) PhP. 50,931 b.) PP. 179,069 d.) PhP. 26,907 3. Find the book value of machine KMU after 10,000 hours of operation. a.) PhP. 295,325 c.) PhP. 217,391 b.) PhP. 336,739 d.) PhP. 132,609 4. Determine the depreciation amount of machine TIP at the end of year 4. a.) PhP. 320,000 c.) PhP. 160,000 b.) PhP. 240,000 d.) PhP. 80,000 5. 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 6. 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 7. 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 8. Determine the book value of machine AMA at the end of year 5. a.) PhP. 152,620 c.) Php. 77,380 b.) Php. 115,620 d.) PhP. 37,802 9. Suppose that after 3 years of using machine AMA, the company found out that it had no further use for the said equipment, it was sold for PhP. 90,000. Determine the capital gain (loss) associated with the sale of machine AMA. a.) A loss of Php. 58,933 b.) A gain of Php. 58,933 C.) A loss of Php. 89,069 d.) A gain of Php. 89,069