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Jimbei Corp. uses the Working Hours Method in computing depreciation. The depreciation rate per hour is P6.40 and total depreciable amount is P800,000. Estimated useful
Jimbei Corp. uses the Working Hours Method in computing depreciation. The depreciation rate per hour is P6.40 and total depreciable amount is P800,000. Estimated useful life in years is 3 years. Total Service hrs is divided into; 25% in the 1st year, 35% in the 2nd year and 40% in the 3rd year.
How much is the depreciation expense for Year 1?
What is the estimated life in terms of service hours?
How much is the depreciation expense for Year 3?
How much is the depreciation expense for Year 2?
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