Reference no: EM132934546

Question - Luke SE purchased machinery on January 1, 2020, for P80,000. The machinery is estimated to have a residual value of P8,000 after a useful life of 8 years.

(a) Compute 2020 depreciation expense using the straight-line method.

(b) Compute 2020 depreciation expense using the straight-line method, assuming the machinery was purchased on September 1, 2020.

(c) Compute 2020 depreciation expense using the sum-of-the-years'-digits method.

(d) Compute 2020 depreciation expense using the sum-of-the-years'-digits method, assuming the machinery was purchased on April 1, 2020.

(e) Compute 2020 depreciation expense using the double-declining-balance method.

(f) Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020.