29. A machine costing P480,000 is estimated to have a salvage value of 10% of the first cost when retired at the end of 12 years. Depreciation cost using declining balance method. Find the book value at the end of 5 years.
29. A machine costing P480,000 is estimated to have a salvage value of 10% of the first cost when retired at the end of 12 years. Depreciation cost using declining balance method. Find the book value at the end of 5 years.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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![29. A machine costing P480,000 is estimated to
have a salvage value of 10% of the first cost when
retired at the end of 12 years. Depreciation cost
using declining balance method. Find the book value
at the end of 5 years.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F71f72d1c-ed91-4def-8f9d-6758b66dbdf2%2F47f8688d-7d6c-435d-871b-1bde74ef39a8%2F2w1o4el_processed.jpeg&w=3840&q=75)
Transcribed Image Text:29. A machine costing P480,000 is estimated to
have a salvage value of 10% of the first cost when
retired at the end of 12 years. Depreciation cost
using declining balance method. Find the book value
at the end of 5 years.
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