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ENGINEERING ECONOMY. A broadcasting corporation purchased equipment worth P53,000 and paid P1500 for freight and delivery charges to the site. The equipment has a normal

ENGINEERING ECONOMY.

A broadcasting corporation purchased equipment worth P53,000 and paid P1500 for freight and delivery charges to the site. The equipment has a normal life of 10 years with a trade in value of P5,000 against the purchase of new equipment at the end of life.

a. Determine the annual depreciation cost by the straight line method

b. Determine the annual depreciation cost by the sinking fund method. Assume

interest is 6% compounded annually.

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