1. A warehouse building is constructed at a first cost of P7.5M and with an estimated salvage value of P190, 000 at the end of 20 years. Find its appraised value at the end of 15 years by using SLM. (Note: Appraised value=FC-Total depreciation)
1. A warehouse building is constructed at a first cost of P7.5M and with an estimated salvage value of P190, 000 at the end of 20 years. Find its appraised value at the end of 15 years by using SLM. (Note: Appraised value=FC-Total depreciation)
1. A warehouse building is constructed at a first cost of P7.5M and with an estimated salvage value of P190, 000 at the end of 20 years. Find its appraised value at the end of 15 years by using SLM. (Note: Appraised value=FC-Total depreciation)
Transcribed Image Text:1. A warehouse building is constructed at a first cost of P7.5M and with an estimated salvage
value of P190, 000 at the end of 20 years. Find its appraised value at the end of 15 years by
using SLM. (Note: Appraised value=FC-Total depreciation)
Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video
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