BUSINESS FINANCE

ASSIGNMENT 1

NAME: VHETTY MAY C. POSADAS

YR & SEC: BSHM 2-A
DATE: March 14, 2022,

Furniture and fixture = P 30,000

Estimated life = 3 years

 Solve the depreciation expense using the SYD sum of the years digit method.

SYD = N (N+ 1)
2

= 3 (3 + 1)
2

= 3 (2)

=6

YEAR Depreciable Scrap SYD Factor Depreciation Expense

Value
1 30,000 X 3/6 P 15,000
2 30,000 X 2/6 10,000
3 30,000 X 1/6 5,000.00
P 30,000.00
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