An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method____________________?

Civil Engineering Mcqs

An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method____________________?

(A)  P 3,279.27

(B)  P 3,927.27

(C)  P 3,729.27

(D)  P 3,792.72

Submitted By :Ali Uppal

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