Depreciation
Posted: Thu May 05, 2022 6:58 am
Depreciation
3. The cost of the equipment is P550,000 and the cost of handling and installation is P28,000. If the book value of the equipment at the end of the 3rd year is P275,000 and the life of the equipment is assume to be 5 years. Determine the salvage value of this equipment at the end of 5 years. 4. An asset is purchased for P120,000. Its estimated life is 10 years, after which it will be sold for P12,000. Find the depreciation for the second year using the sum of the years digit method.
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