La Concepcion College

City of San Jose del Monte,Bulacan

Engineering Division

Final Examination
ES19-Technopreneurship 101
2nd Semester-A.Y. 2020-2021

NAME: CAIDOY,JAMELA-NEL SECTION: BSCE-3A

Student Number: 20181351

I. Answer the following questions correctly.

Lengthy statements do not mean full points. (2 points/correct answer)

1.As per news broadcast over May 17,2021and May 21,2021-TV Patrol,
tariff on rice importation is lowered from 40-50% to 35%. What would
be the negative impact of this on our local rice producers?
Support your answer in 2 arguments.

Because of tariffication law, many farmers has lost half of their

profit in their usual profit before.

Tariffication made most of the farmers hopeless to succeed in

life because of the continuous deflation of their profit.

2.Cite a situation wherein technology is being transferred through

international trade.

Ryxskincerity has made in the Philippines where there’s a lot of

distributors all over the country and outside the country. It has been
spread through socialmedia platforms, like facebook page accounts or
Instagram accounts.
3. Present a clear example of an entrepot trade: what is/are the material/s
being imported in the Philippines(if there is any), what would become of
those materials and where(country) would those be exported.
Ryxskincerity products has made from different materials imported in Korea, after
undergoing in different tests, it turns out to have a lot of exportation around the
world, like Canada, Mexico and more.

Final Examination
ES19-Technopreneurship 101
2nd Semester-A.Y. 2020-2021

II.PROBLEM SOLVING: ANSWER THE QUESTIONS

CORRECTLY.

PROBLEM 1-Double Decline Method

Cost of the Asset - Ᵽ300,000
Salvage Value - Ᵽ 15,000
Useful life of asset is 6 years
Answer in 2 decimal places correctly rounded up.
Book value Book Value
(beginning Depreciation (year end)
)
Ᵽ300,000 100,020 199,980
199,980 66673.33 133,306.67
133,306.67 44,444.44 88,862.23
88,862.23 29,626.67 59,235.56
59,235.56 19,749.14 39,486.42
39,486.42 24,486.42 15,000

Depreciation rate: 1/6*100=16.67%X2=33.34%

Final Examination
ES19-Technopreneurship 101
2nd Semester-A.Y. 2020-2021

PROBLEM 2
Cost of Asset - Ᵽ35,000
Salvage Value Ᵽ2,500
Useful life – 5 years
Use Straight Line Method
Year BV Depreciation BV at the end
(beginning) of the year
1 35,000 6,500 28,500
2 28,500 6,500 22,000
3 22,000 6,500 15,500
4 15,500 6,500 9,000
5 9,000 6,500 2,500
Depreciation:32,500/5=6,500

Final Examination
ES19-Technopreneurship 101
 2nd Semester-A.Y. 2020-2021

PROBLEM 3
An oil company installed a crude oil processing plant that cost
Ᵽ15,000,000 with an estimated capacity to process 55,000,000 barrels of
crude oil during its entire 5year operation. The estimated salvage value
is Ᵽ4,000,000.

Production /Year
Year Production/barrel
1 6M
2 12M
3 12M
4 10M
5 15M
Label your table.
BOOK VALUE DEPRECIATION BOOK VALUE
(OPENING) (ENDING)
Ᵽ15,000,000 Ᵽ 1,200,000 Ᵽ 13,800,000
Ᵽ 13,800,000 Ᵽ2,400,000 Ᵽ11,400,000
Ᵽ11,400,000 Ᵽ2,400,000 Ᵽ 9,000,000
Ᵽ9,000,000 Ᵽ2,000,000 Ᵽ 7,000,000
Ᵽ7,000,000 Ᵽ3,000,000 Ᵽ 4,000,000