# Solution: What is the depreciation in the third year of an asset for P10,000.00?

A company purchases an asset for P10,000.00 and plans to keep it for 20 years. If the salvage value is zero at the end of the 20th year, what is the depreciation in the third year? Use SYD method.

#### Problem Statement: ME Board April 1998

A company purchases an asset for P10,000.00 and plans to keep it for 20 years. If the salvage value is zero at the end of the 20th year, what is the depreciation in the third year? Use SYD method.

• A. P857.14
• B. P862.19
• C. P871.11
• D. P880.00

The depreciation in the third year of an asset for P10,000.00 is P857.14.

Solution:

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