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Please answer the following and provide complete solutions: (Preferably in table form) On January 1, 2020, Onetwozero Garage purchased for P800,000 a new equipment having
Please answer the following and provide complete solutions: (Preferably in table form)
On January 1, 2020, Onetwozero Garage purchased for P800,000 a new equipment having an estimated useful life of 6 years with an estimated salvage value of P40,000. 6. Compute for the year 1 depreciation expense using sum-of-the-years'-digits method. Round your answer to whole number. \begin{tabular}{|} \hline 398,095 \\ \hline 180,952 \\ \hline 126,667 \\ \hline 217,143 \\ \hline \end{tabular} Question 33 2 pts 7. (Problem 3) Determine the carrying amount of the asset as of December 31,2021 using sum-of-the-years'-digits method. Round your answer to whole number. 401,905 217,143 582,857 546,667 8. (Problem 3) Compute for the year 1 depreciation expense using double-declining-balance method. Round the depreciation rate to whole number (e.g. 17.25\% 17\%). 133,333 264,000 176,800 111,111 Question 35 2 pts 9. (Problem 3) Determine the carrying amount of the asset as of December 31, 2021 using double-declining-balance method. 359,120 440,880 555,556 536,000Step by Step Solution
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