A machine costs 425,000, lasts 8 years and has a salvage value at the end of life of P30,000. Determine the book value at the end of 4 years using, a. Straight Line Method b. Sinking Fund Method @ i = 10% c. Declining Balance Method d. Double Declining Balance Method e. Sum-of-the-Years-Digit Method.
A machine costs 425,000, lasts 8 years and has a salvage value at the end of life of P30,000. Determine the book value at the end of 4 years using, a. Straight Line Method b. Sinking Fund Method @ i = 10% c. Declining Balance Method d. Double Declining Balance Method e. Sum-of-the-Years-Digit Method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A machine costs 425,000, lasts 8 years and has a salvage value at the end of life of P30,000. Determine the book value at the end of 4 years using,
a. Straight Line Method
b. Sinking Fund Method @ i = 10%
c. Declining Balance Method
d. Double Declining Balance Method
e. Sum-of-the-Years-Digit Method.
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