Compute amount of depreciation expense for shop equipment

Reference no: EM132787713

PPE	Dates Acquired	Acquisition cost	Scrap Value	Life in years
Shop Equipment	Oct 1, 2019	Php 150,000.00	Php 20,000.00	8
Delivery truck	January 1, 2020	Php 500.000.00	Php None	5
Building	November 30, 2019	Php 950,000.00	Php 50,000.00	10
Computer	December 1, 2019	Php 50,000.00	Php 5,000.00	5
NrcP.ndiliOner	September 30. 2019	Php 95.000.00	Php 10.000.00	7

Question 1. Compute the amount of depreciation expense for the Delivery truck of its fiscal year on June 30, 2020.

Option 1: Php 50,000

Option 2: Php 95,000.00

Option 3: Php 0.00

Option 4: Php 100,000.00

Question 2. Compute the amount of depreciation expense for Shop Equipment of its fiscal year on June 30, 2020.

Option 1: Php 16,250.00

Option 2: Php 15,250.00

Option 3: Php 12,187.50

Option 4: Php 12,550.00

Question 3. Compute the amount of depreciation expense for the building of its fiscal year on June 30, 2020.

Option 1: Php 50,000.00

Option 2: Php 52,500.00

Option 3: Php 90,000.00

Option 4: Php 80,000.00

Question 4. Compute the amount of depreciation expense for the computer of its fiscal year on June 30, 2020.

Option 1: Php 5,250.00

Option 2: Php 9,000.00

Option 3: Php 4,500.00

Option 4: Php 8,000.00

Question 5. Compute the amount of depreciation expense for the airconditioner of its fiscal year on June 30, 2020.)

Option 1: Php 12,142.86

Option 2: Php 12,000.00

Option 3: Php 9,100.00

Option 4: Php 9,107.14

Reference no: EM132787713

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