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A machine costing P 733,615 is estimated to have a life of 10 years. If the annual rate of depreciation is 0.19 determine the total depreciation at the

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A machine costing P 733,615 is
estimated to have a life of 10 years. If
the annual rate of depreciation is 0.19,
determine the total depreciation at the
year 9 using a constant percentage of
6.
the declining balance method.
**Use four (4) decimal places

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