Answered: 2. An electric sewing machine costs…

2. An electric sewing machine costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annua depreciation cost by the sinking fund method at 5% interest. d3P755.29

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter9: Capital Budgeting And Cash Flow Analysis

Section9.A: Depreciation

Problem 1P

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2. An electric sewing machine costs P10,000 with a salvage value of P500 at the end of 10 years. Calculate the annual
depreciation cost by the sinking fund method at 5% interest. d3P755.29

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