Name: ECON 313

Section: QUIZ NO. 2 – F

Direction: Write or print this quiz in a clean sheet of long bond paper. Answer legibly.
DEADLINE: 10:30 AM, December 09, 2020

Problem 1: A dump truck was bought for P750,000 three years ago. It will have a salvage value of P100,000 two years from now. Using the following methods, determine book
value at the end of 3rd year, accrued depreciation at the end of 2nd year and annual depreciation cost at the end of 4th year. Show solutions for the asked years.

a. Straight Line Formula

YEAR BOOK VALUE AT THE ANNUAL DEPRECIATION ACCRUED DEPRECIATION BOOK VALUE AT THE END OF THE YEAR
BEGINNING OF THE YEAR COST
b. SYD Method
YEAR BOOK VALUE AT THE ANNUAL ACCRUED DEPRECIATION BOOK VALUE AT THE END OF THE
BEGINNING OF THE YEAR DEPRECIATION COST YEAR
c. Declining Balance Method

YEAR BOOK VALUE AT THE ANNUAL ACCRUED DEPRECIATION BOOK VALUE AT THE END OF THE
BEGINNING OF THE YEAR DEPRECIATION COST YEAR
d. Double Declining Balance Method

YEAR BOOK VALUE AT THE ANNUAL ACCRUED DEPRECIATION BOOK VALUE AT THE END OF THE
BEGINNING OF THE YEAR DEPRECIATION COST YEAR
e. Sinking Fund at i = 12%
YEAR BOOK VALUE AT THE BEGINNING ACCRUED DEPRECIATION BOOK VALUE AT THE END OF THE YEAR
OF THE YEAR