3. A linking machine is purchased for 20,000. It is estimated to have a useful life of 10 years and a salvage value of P10,000. Find the depreciation for the 1st year using SOYD Method. Dm=P1,818.18
3. A linking machine is purchased for 20,000. It is estimated to have a useful life of 10 years and a salvage value of P10,000. Find the depreciation for the 1st year using SOYD Method. Dm=P1,818.18
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Good day! I need your help tutor please answer the question attached below. The answer is already provided, which means that will be your basis if your answers are correct or not.
Ps. In your solution, you identify the given and the what is being asked in the problem and I want to see the formula that you used.Lastly, box the final answers. Thanks in advance tutor :)
Transcribed Image Text:3. A linking machine is purchased for P20,000. It is estimated to have a useful life of 10 years and a salvage value of
P10,000. Find the depreciation for the 1st year using SOYD Method. Dm=P1,818.18
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