22, 23 pls a.44909.1b. 43636.36C.48090.91d. 48545.46None of the above22. A machine, initially costing Php 155000, is set to depreclate Php 20000 every year using sinkingfund method. How much must be invested every year to replace the asset with a better but moreexpensive machine costing Php 250000 after 5 years at an annual rate of 5%.a. Php 41346.88b. Php 36547.78e.C. Php 44487.37d. Php 37,192.61e.None of the above23. In Problem no. 22, what is the accumulated depreciation and book value after 5 years.Dm=136038.26 ; BV = 18961.74b. Dm = 110,512.63; BV = 44487.3724. Del Monte group of companies bought a new delivery truck costing P1200000. The said truck isprojected to last for 12 years and at that point would cost Php 140000. Using the sinking fundmethod, find the book value at its 7th year and i=6.5%a.a.P788915.21b. P 645356.67C.P 679915.21d. P 700084.79e. None of the above25. In problem no.23, find the accumulated depreciation at the 7thyear.a. P 430345.88b. P 520084.79С.P 619022.26P 439000 56.

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22. A machine, initially costing Php 155000, Is set to depreclate Php 20000 every year using sinking fund method. How much must be invested every year to replace the asset with a better but more expensive machine costing Php 250000 after 5 years at an annual rate of 5%. a. Php 41346.88 b. Php 36547.78 C. Php 44487.37 d. Php 37,192.61 e. None of the above

22. A machine, initially costing Php 155000, Is set to depreclate Php 20000 every year using sinking fund method. How much must be invested every year to replace the asset with a better but more expensive machine costing Php 250000 after 5 years at an annual rate of 5%. a. Php 41346.88 b. Php 36547.78 C. Php 44487.37 d. Php 37,192.61 e. None of the above

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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22. A machine, initially costing Php 155000, is set to depreciate Php 20000 every year using sinking fund method. How much must be invested every year to replace the asset with a better but more expensive machine costing Php 250000 after 5 years at an annual rate of 5%. a. Php 41346.88 b. Php 36547.78 c. Php 44487.37 d. Php 37,192.61 е. None of the above
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