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QUESTION 11 Buckle Company is considering different depreciation methods that should be applied to its factory equipment. Depreciation expense for five years using different methods
QUESTION 11
- Buckle Company is considering different depreciation methods that should be applied to its factory equipment. Depreciation expense for five years using different methods are presented below:
Year | Straight-Line | Double-Declining | Sum-of-the-Years Digit |
1 | 70,000 | 160,000 | 116,667 |
2 | 70,000 | 96,000 | 93,333 |
3 | 70,000 | 57,600 | 70,000 |
4 | 70,000 | 34,560 | 46,667 |
5 | 70,000 | 1,840 | 23,333 |
- How much is the estimated residual value?
| a. | 0 |
| b. | Php 25,000 |
| c. | Php 50,000 |
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