1. A tax and duty free importation of a 30-horsepower sand mill for paint manufacturing costs P540,000, CIF Manila. Bank charges, arrester and brokerage cost P7,000. Foundation and installation costs were P35,000. Other incidental expenses amount to P18,000. Salvage value of the mill is estimated to be P60,000 after 20 years. Find the appraisal value of the mill using straight-line depreciation at the end of
1. A tax and duty free importation of a 30-horsepower sand mill for paint manufacturing costs P540,000, CIF Manila. Bank charges, arrester and brokerage cost P7,000. Foundation and installation costs were P35,000. Other incidental expenses amount to P18,000. Salvage value of the mill is estimated to be P60,000 after 20 years. Find the appraisal value of the mill using straight-line depreciation at the end of
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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1. A tax and duty free importation of a 30-horsepower sand mill for paint manufacturing costs P540,000, CIF Manila. Bank charges, arrester and brokerage cost P7,000. Foundation and installation costs were P35,000. Other incidental expenses amount to P18,000. Salvage value of the mill is
estimated to be P60,000 after 20 years. Find the appraisal value of the mill using straight-line depreciation at the end of
a.) 12years,
b.) 17 years
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