5. An equipment costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annual depreciation cost by sinking-fund method at 4% interest. 6. A Machine was purchased on 1st...

Extracted text: 5. An equipment costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annual depreciation cost by sinking-fund method at 4% interest. 6. A Machine was purchased on 1st January 2004 at a cost, of P58,000 and the cost of installation Rs 8 000 his expected that its total working life will be 100,000 hours. The scrap value may be P3,000. During the year 2004, the machine worked for 1200 hours and in 2005 for 1,350 hours. Calculate the book value after 2005. 000,00