Amortization Table Month Payment Date Principal

1 April 1, 2010 ₱ 2,869.73

Loan 500,000 2 May 1, 2010 ₱ 2,886.75
Rate 7.12% 120 3 June 1, 2010 ₱ 2,903.88
Years 10 4 July 1, 2010 ₱ 2,921.11
First Payment 4/1/2010 5 August 1, 2010 ₱ 2,938.44
Payment ₱ 5,836.39 6 September 1, 2010 ₱ 2,955.88
7 October 1, 2010 ₱ 2,973.42
8 November 1, 2010 ₱ 2,991.06
Tot. Interest paid for year 2020 204.53 9 December 1, 2010 ₱ 3,008.81
10 January 1, 2011 ₱ 3,026.66
Tot. Principal paid for 5 years 207,825.10 11 February 1, 2011 ₱ 3,044.62
12 March 1, 2011 ₱ 3,062.68
5*12 13 April 1, 2011 ₱ 3,080.85
60 14 May 1, 2011 ₱ 3,099.13
15 June 1, 2011 ₱ 3,117.52
16 July 1, 2011 ₱ 3,136.02
17 August 1, 2011 ₱ 3,154.63
18 September 1, 2011 ₱ 3,173.34
19 October 1, 2011 ₱ 3,192.17
20 November 1, 2011 ₱ 3,211.11
21 December 1, 2011 ₱ 3,230.16
22 January 1, 2012 ₱ 3,249.33
23 February 1, 2012 ₱ 3,268.61
24 March 1, 2012 ₱ 3,288.00
25 April 1, 2012 ₱ 3,307.51
26 May 1, 2012 ₱ 3,327.14
27 June 1, 2012 ₱ 3,346.88
28 July 1, 2012 ₱ 3,366.74
29 August 1, 2012 ₱ 3,386.71
30 September 1, 2012 ₱ 3,406.81
31 October 1, 2012 ₱ 3,427.02
32 November 1, 2012 ₱ 3,447.35
33 December 1, 2012 ₱ 3,467.81
34 January 1, 2013 ₱ 3,488.38
35 February 1, 2013 ₱ 3,509.08
36 March 1, 2013 ₱ 3,529.90
37 April 1, 2013 ₱ 3,550.85
38 May 1, 2013 ₱ 3,571.91
39 June 1, 2013 ₱ 3,593.11
40 July 1, 2013 ₱ 3,614.43
41 August 1, 2013 ₱ 3,635.87
42 September 1, 2013 ₱ 3,657.45
43 October 1, 2013 ₱ 3,679.15
44 November 1, 2013 ₱ 3,700.98
45 December 1, 2013 ₱ 3,722.94
46 January 1, 2014 ₱ 3,745.02
47 February 1, 2014 ₱ 3,767.25
48 March 1, 2014 ₱ 3,789.60
49 April 1, 2014 ₱ 3,812.08
50 May 1, 2014 ₱ 3,834.70
51 June 1, 2014 ₱ 3,857.45
52 July 1, 2014 ₱ 3,880.34
53 August 1, 2014 ₱ 3,903.36
54 September 1, 2014 ₱ 3,926.52
55 October 1, 2014 ₱ 3,949.82
56 November 1, 2014 ₱ 3,973.26
57 December 1, 2014 ₱ 3,996.83
58 January 1, 2015 ₱ 4,020.55
59 February 1, 2015 ₱ 4,044.40
60 March 1, 2015 ₱ 4,068.40
61 April 1, 2015 ₱ 4,092.54
62 May 1, 2015 ₱ 4,116.82
63 June 1, 2015 ₱ 4,141.25
64 July 1, 2015 ₱ 4,165.82
65 August 1, 2015 ₱ 4,190.53
66 September 1, 2015 ₱ 4,215.40
67 October 1, 2015 ₱ 4,240.41
68 November 1, 2015 ₱ 4,265.57
69 December 1, 2015 ₱ 4,290.88
70 January 1, 2016 ₱ 4,316.34
71 February 1, 2016 ₱ 4,341.95
72 March 1, 2016 ₱ 4,367.71
73 April 1, 2016 ₱ 4,393.63
74 May 1, 2016 ₱ 4,419.69
75 June 1, 2016 ₱ 4,445.92
76 July 1, 2016 ₱ 4,472.30
77 August 1, 2016 ₱ 4,498.83
78 September 1, 2016 ₱ 4,525.53
79 October 1, 2016 ₱ 4,552.38
80 November 1, 2016 ₱ 4,579.39
81 December 1, 2016 ₱ 4,606.56
82 January 1, 2017 ₱ 4,633.89
83 February 1, 2017 ₱ 4,661.39
84 March 1, 2017 ₱ 4,689.04
85 April 1, 2017 ₱ 4,716.87
86 May 1, 2017 ₱ 4,744.85
87 June 1, 2017 ₱ 4,773.00
88 July 1, 2017 ₱ 4,801.32
89 August 1, 2017 ₱ 4,829.81
 90 September 1, 2017 ₱ 4,858.47
91 October 1, 2017 ₱ 4,887.30
92 November 1, 2017 ₱ 4,916.29
93 December 1, 2017 ₱ 4,945.46
94 January 1, 2018 ₱ 4,974.81
95 February 1, 2018 ₱ 5,004.32
96 March 1, 2018 ₱ 5,034.02
97 April 1, 2018 ₱ 5,063.89
98 May 1, 2018 ₱ 5,093.93
99 June 1, 2018 ₱ 5,124.15
100 July 1, 2018 ₱ 5,154.56
101 August 1, 2018 ₱ 5,185.14
102 September 1, 2018 ₱ 5,215.91
103 October 1, 2018 ₱ 5,246.85
104 November 1, 2018 ₱ 5,277.99
105 December 1, 2018 ₱ 5,309.30
106 January 1, 2019 ₱ 5,340.80
107 February 1, 2019 ₱ 5,372.49
108 March 1, 2019 ₱ 5,404.37
109 April 1, 2019 ₱ 5,436.44
110 May 1, 2019 ₱ 5,468.69
111 June 1, 2019 ₱ 5,501.14
112 July 1, 2019 ₱ 5,533.78
113 August 1, 2019 ₱ 5,566.61
114 September 1, 2019 ₱ 5,599.64
115 October 1, 2019 ₱ 5,632.87
116 November 1, 2019 ₱ 5,666.29
117 December 1, 2019 ₱ 5,699.91
118 January 1, 2020 ₱ 5,733.73
119 February 1, 2020 ₱ 5,767.75
120 March 1, 2020 ₱ 5,801.97
₱ 500,000.00
 Interest Balance
₱ 2,966.67 ₱ 497,130.27
₱ 2,949.64 ₱ 494,243.52
₱ 2,932.51 ₱ 491,339.63
₱ 2,915.28 ₱ 488,418.52
₱ 2,897.95 ₱ 485,480.08
₱ 2,880.52 ₱ 482,524.20
₱ 2,862.98 ₱ 479,550.78
₱ 2,845.33 ₱ 476,559.72
₱ 2,827.59 ₱ 473,550.91
₱ 2,809.74 ₱ 470,524.26
₱ 2,791.78 ₱ 467,479.64
₱ 2,773.71 ₱ 464,416.96
₱ 2,755.54 ₱ 461,336.10
₱ 2,737.26 ₱ 458,236.97
₱ 2,718.87 ₱ 455,119.45
₱ 2,700.38 ₱ 451,983.43
₱ 2,681.77 ₱ 448,828.80
₱ 2,663.05 ₱ 445,655.46
₱ 2,644.22 ₱ 442,463.29
₱ 2,625.28 ₱ 439,252.17
₱ 2,606.23 ₱ 436,022.01
₱ 2,587.06 ₱ 432,772.68
₱ 2,567.78 ₱ 429,504.07
₱ 2,548.39 ₱ 426,216.07
₱ 2,528.88 ₱ 422,908.55
₱ 2,509.26 ₱ 419,581.42
₱ 2,489.52 ₱ 416,234.54
₱ 2,469.66 ₱ 412,867.80
₱ 2,449.68 ₱ 409,481.09
₱ 2,429.59 ₱ 406,074.28
₱ 2,409.37 ₱ 402,647.26
₱ 2,389.04 ₱ 399,199.91
₱ 2,368.59 ₱ 395,732.10
₱ 2,348.01 ₱ 392,243.72
₱ 2,327.31 ₱ 388,734.64
₱ 2,306.49 ₱ 385,204.73
₱ 2,285.55 ₱ 381,653.89
₱ 2,264.48 ₱ 378,081.97
₱ 2,243.29 ₱ 374,488.86
₱ 2,221.97 ₱ 370,874.44
₱ 2,200.52 ₱ 367,238.56
₱ 2,178.95 ₱ 363,581.12
₱ 2,157.25 ₱ 359,901.97
₱ 2,135.42 ₱ 356,201.00
₱ 2,113.46 ₱ 352,478.06
₱ 2,091.37 ₱ 348,733.04
₱ 2,069.15 ₱ 344,965.79
₱ 2,046.80 ₱ 341,176.19
₱ 2,024.31 ₱ 337,364.11
₱ 2,001.69 ₱ 333,529.41
₱ 1,978.94 ₱ 329,671.96
₱ 1,956.05 ₱ 325,791.62
₱ 1,933.03 ₱ 321,888.25
₱ 1,909.87 ₱ 317,961.73
₱ 1,886.57 ₱ 314,011.91
₱ 1,863.14 ₱ 310,038.65
₱ 1,839.56 ₱ 306,041.82
₱ 1,815.85 ₱ 302,021.27
₱ 1,791.99 ₱ 297,976.87
₱ 1,768.00 ₱ 293,908.47
₱ 1,743.86 ₱ 289,815.94
₱ 1,719.57 ₱ 285,699.12
₱ 1,695.15 ₱ 281,557.87
₱ 1,670.58 ₱ 277,392.05
₱ 1,645.86 ₱ 273,201.52
₱ 1,621.00 ₱ 268,986.12
₱ 1,595.98 ₱ 264,745.71
₱ 1,570.82 ₱ 260,480.14
₱ 1,545.52 ₱ 256,189.26
₱ 1,520.06 ₱ 251,872.92
₱ 1,494.45 ₱ 247,530.97
₱ 1,468.68 ₱ 243,163.26
₱ 1,442.77 ₱ 238,769.64
₱ 1,416.70 ₱ 234,349.94
₱ 1,390.48 ₱ 229,904.02
₱ 1,364.10 ₱ 225,431.73
₱ 1,337.56 ₱ 220,932.89
₱ 1,310.87 ₱ 216,407.37
₱ 1,284.02 ₱ 211,854.99
₱ 1,257.01 ₱ 207,275.60
₱ 1,229.84 ₱ 202,669.04
₱ 1,202.50 ₱ 198,035.15
₱ 1,175.01 ₱ 193,373.77
₱ 1,147.35 ₱ 188,684.72
₱ 1,119.53 ₱ 183,967.86
₱ 1,091.54 ₱ 179,223.01
₱ 1,063.39 ₱ 174,450.00
₱ 1,035.07 ₱ 169,648.68
₱ 1,006.58 ₱ 164,818.86
₱ 977.93 ₱ 159,960.40
₱ 949.10 ₱ 155,073.10
₱ 920.10 ₱ 150,156.81
₱ 890.93 ₱ 145,211.34
₱ 861.59 ₱ 140,236.53
₱ 832.07 ₱ 135,232.21
₱ 802.38 ₱ 130,198.19
₱ 772.51 ₱ 125,134.31
₱ 742.46 ₱ 120,040.38
₱ 712.24 ₱ 114,916.22
₱ 681.84 ₱ 109,761.66
₱ 651.25 ₱ 104,576.52
₱ 620.49 ₱ 99,360.62
₱ 589.54 ₱ 94,113.76
₱ 558.41 ₱ 88,835.77
₱ 527.09 ₱ 83,526.47
₱ 495.59 ₱ 78,185.67
₱ 463.90 ₱ 72,813.18
₱ 432.02 ₱ 67,408.81
₱ 399.96 ₱ 61,972.37
₱ 367.70 ₱ 56,503.68
₱ 335.26 ₱ 51,002.54
₱ 302.62 ₱ 45,468.76
₱ 269.78 ₱ 39,902.15
₱ 236.75 ₱ 34,302.51
₱ 203.53 ₱ 28,669.64
₱ 170.11 ₱ 23,003.35
₱ 136.49 ₱ 17,303.44
₱ 102.67 ₱ 11,569.72
₱ 68.65 ₱ 5,801.97
₱ 34.43 -₱ 0.00
₱ 200,367.33
 ACC 224L CORPORATION
Lapsing Schedule
December 31, 20A

Property Name Date Acquired Depreciation Method Cost

Building January 1, 20A SLD Straight Line Depreciation ₱ 1,500,000.00
Machinery January 1, 20A SYD Sum of the Year Digits ₱ 130,000.00
Delivery Equipment January 1, 20A DDB Double Declining Balance ₱ 250,000.00

Depreciation Journal Entry:

12/31/20A Depreciation Expense - Building ₱ 140,000.00
Depreciation Expense - Machinery 40,000.00
Depreciation Expense - Delivery Equipment 83,333.33
Accumulated Depreciation - Building
Accumulated Depreciation - Machinery
Accumulated Depreciation - Delivery Equipment
` To record depreciation expense for the year 20A.

ACC 224L CORPORATION

Lapsing Schedule
December 31, 20B

Property Name Date Acquired Depreciation Method Cost

Building January 1, 20A SLD Straight Line Depreciation ₱ 1,500,000.00
Machinery January 1, 20A SYD Sum of the Year Digits ₱ 130,000.00
Delivery Equipment January 1, 20A DDB Double Declining Balance ₱ 250,000.00

Depreciation Journal Entry:

12/31/20B Depreciation Expense - Building ₱ 140,000.00
Depreciation Expense - Machinery 32,000.00
Depreciation Expense - Delivery Equipment 55,555.56
Accumulated Depreciation - Building
Accumulated Depreciation - Machinery
Accumulated Depreciation - Delivery Equipment
To record depreciation expense for the year 20B.

ACC 224L CORPORATION

Lapsing Schedule
December 31, 20C

Property Name Date Acquired Depreciation Method Cost

Building January 1, 20A SLD Straight Line Depreciation ₱ 1,500,000.00
Machinery January 1, 20A SYD Sum of the Year Digits ₱ 130,000.00
Delivery Equipment January 1, 20A DDB Double Declining Balance ₱ 250,000.00
Depreciation Journal Entry:
12/31/20C Depreciation Expense - Building ₱ 140,000.00
Depreciation Expense - Machinery 24,000.00
Depreciation Expense - Delivery Equipment 37,037.04
Accumulated Depreciation - Building
Accumulated Depreciation - Machinery
Accumulated Depreciation - Delivery Equipment
To record depreciation expense for the year 20C.
AD, 1/1 Depreciation AD, 12/31
0 ₱ 140,000.00 ₱ 140,000.00
0 ₱ 40,000.00 ₱ 40,000.00
0 ₱ 83,333.33 ₱ 83,333.33

₱ 140,000.00
40,000.00
83,333.33

AD, 1/1 Depreciation AD, 12/31

₱ 140,000.00 ₱ 140,000.00 ₱ 280,000.00
₱ 40,000.00 ₱ 32,000.00 ₱ 72,000.00
₱ 83,333.33 ₱ 55,555.56 ₱ 138,888.89

₱ 140,000.00
32,000.00
55,555.56

AD, 1/1 Depreciation AD, 12/31

₱ 280,000.00 ₱ 140,000.00 ₱ 420,000.00
₱ 72,000.00 ₱ 24,000.00 ₱ 96,000.00
₱ 138,888.89 ₱ 37,037.04 ₱ 175,925.93
₱ 140,000.00
24,000.00
37,037.04
3333333333322xx