# Solution: Find the book value during the first year using sum-of-year's digit (SYD)

An asset is purchased for P9,000.00. Its estimated life is 10 years after which it will be sold for P1,000.00. Find the book value during the first year if sum-of-year's digit (SYD) depreciation is used.

#### Problem Statement: ME Board April 1998

An asset is purchased for P9,000.00. Its estimated life is 10 years after which it will be sold for P1,000.00. Find the book value during the first year if sum-of-year's digit (SYD) depreciation is used.

• A. P7,545.45
• B. P7,320.11
• C. P7,490.00
• D. P7,690.12

#### Problem Answer:

The book value during the first year using sum-of-year's digit (SYD) is P7,545.45.

Solution:

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