28. A certain machine has book value of P140,452.78 after 5 years and P66,037.08 after 8 years. The book value is computed using Constant Percentage Method. Determine the initial cost of the equipment and its salvage value in its economic life of 10 years.
28. A certain machine has book value of P140,452.78 after 5 years and P66,037.08 after 8 years. The book value is computed using Constant Percentage Method. Determine the initial cost of the equipment and its salvage value in its economic life of 10 years.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Question
![28. A certain machine has book value of
P140,452.78 after 5 years and P66,037.08 after 8
years. The book value is computed using Constant
Percentage Method. Determine the initial cost of the
equipment and its salvage value in its economic life
of 10 years.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F71f72d1c-ed91-4def-8f9d-6758b66dbdf2%2Fbf5b4666-9422-49cf-ba94-7cd3db66ad11%2Fzk4vy5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:28. A certain machine has book value of
P140,452.78 after 5 years and P66,037.08 after 8
years. The book value is computed using Constant
Percentage Method. Determine the initial cost of the
equipment and its salvage value in its economic life
of 10 years.
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