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    73873536

    Uploaded by

    Anjo Vasquez
    This document contains multiple questions about depreciation calculation methods like straight line, sinking fund, and sum of years digits. It asks to calculate book values, annual depreciation costs, first costs, and lengths of service for various assets given their costs, salvage values, useful lives, and existing book values. The questions cover a range of depreciation scenarios and require applying the appropriate calculation method based on the information provided.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    73873536

    Uploaded by

    Anjo Vasquez
    61 views2 pages
    This document contains multiple questions about depreciation calculation methods like straight line, sinking fund, and sum of years digits. It asks to calculate book values, annual depreciation costs, first costs, and lengths of service for various assets given their costs, salvage values, useful lives, and existing book values. The questions cover a range of depreciation scenarios and require applying the appropriate calculation method based on the information provided.

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    This document contains multiple questions about depreciation calculation methods like straight line, sinking fund, and sum of years digits. It asks to calculate book values, annual depreciation costs, first costs, and lengths of service for various assets given their costs, salvage values, useful lives, and existing book values. The questions cover a range of depreciation scenarios and require applying the appropriate calculation method based on the information provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    61 views2 pages

    73873536

    Uploaded by

    Anjo Vasquez
    This document contains multiple questions about depreciation calculation methods like straight line, sinking fund, and sum of years digits. It asks to calculate book values, annual depreciation costs, first costs, and lengths of service for various assets given their costs, salvage values, useful lives, and existing book values. The questions cover a range of depreciation scenarios and require applying the appropriate calculation method based on the information provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    ____ is the loss of value of the equipment with use over a period of time.

    It could mean a difference


    in value between a new asset and the use asset currently in a service.

    A certain office equipment has a first cost of P20,000 and has a salvage value of P1,000 at the end
    of 10 years. Determine the depreciation at the end of the 6th year using Sinking fund method at 3%
    interest.

    A machine has a salvage value of P12,000 at the end of its useful life of 6 years. The book value at
    the end of 5 years is P30,833.33. Using a straight line method of depreciation, What is the first cost
    of the machine?

    The economic factors causing depreciation:

    Total depreciation cannot exceeds its:

    A printing equipment costs P73,500 has a life expectancy of 8 years and has a salvage value of
    P3,500 at the end of its life. The book value at the end of x years is equal to P38,500. Using straight
    line method of depreciation, solve for the value of x.

    An equipment costs P50,000 with a salvage value of P250 at the end of 10 years. Calculate the
    annual depreciation cost by sinking fund method at 8% interest.

    A machine cost P7,350 has a life of 8 years and has a salvage value of P350 at the end of 8 years.
    Determine its book value at the end of 4 years using sum years digit method.

    Under the straight line method of providing depreciation it:

    Depreciation is a process of:

    Depreciation is:

    Depreciation does not depend on fluctuations as:


    A

    The main object of providing depreciation is:

    An asset is purchased for P9,000.00. Its estimated life is 10 years after which it will be sold for
    P1,000.00. Find the book value during the first year if Sum of the Years Digits(SYD) depreciation is
    used.

    An engineer bought an equipment for P500,000. Other expenses including installations amounted to
    P30,000. At the end of its estimated useful life of 10 years, the salvage value will be 10% of the first
    cost. Using straight line method of depreciation, what is the book value after 5 years?

    The books value of an asset is obtained by deducting depreciation from its:

    ABC Corporation makes it policy that for every new equipment purchased, the annual depreciation
    should not exceed 20% of the first cost at any time without salvage value. Determine the length of
    service if the depreciation used is the SYD Method.
    C

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