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Please help me to answer these questions. I will upvote for complete and correct answers. Thank you :) INSTRUCTION:Answer the following questions in 2 decimal
Please help me to answer these questions. I will upvote for complete and correct answers. Thank you :)
INSTRUCTION:Answer the following questions in 2 decimal places correctly rounded up.Affix correct unit.You may computerize or use engineering lettering for presentationof CLEAR solution. PROBLEM 1 1.An oil company install a crude oil processing plant that cost P12,000,000 with an estimated capacity to process 50,000,000 barrels of crude oil during its entire 5year operation. Estimated salvage value is P2,000,000. Determine depreciated value / year for its useful years. Present answers thru table. Use Units of Production Method Production /Year SOLUTION: PROBLEM 2 A computer company has purchased computers worth P5,000,000. It cost them P200,000 to transport the sets of computers to their location. The company considers that the useful life of the said items is 5 years and an estimated salvage value of P100,000. Use Sum of Years' Digits Method in solving the depreciation . PROBLEM Use Double Decline Method for the determination of book values for 5 years Make appropriate table.USE STRAIGHT EDGE/RULER. Cost of the Asset - P200,000 Salvage Value - P10,000 Useful life of asset is 5 years Step by Step Solution
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