MERCY

1. ABC corporation makes it policy that for any new equipment purchased, the length of service must be nine years. Find the ratio between annual depreciation cost and first cost, if the salvage value is zero. Using SOYD method. 2. A machine that has a life of 5 years will have a salvage value of P15, 000.If the first cost is $80,000, determine the book value after 3 years using SOYD method. 3.An asset is purchased is ten times its salvage value. Its estimated life is 10 years, after which it will be sold for $12,000. Find the depreciation for the first year using the SOYD method