3. A certain office equipment has a first cost of P20,000 and a salvage value of P1,000 at the endof 10 years. Determine the book value at the end of 6 years using double declining balancemethod4. A machine having a first cost of P60,000 will be retired at the end of 8 years. Depreciation costis computed using constant percentage of the declining book value. What is the total cost ofdepreciation, in pesos, up to time the machine is retired if the annual rate of depreciation is28.72%?notluloa

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Description: 3. A certain office equipment has a first cost of P20,000 and a salvage value of P1,000 at the endof 10 years. Determine the book value at the end of 6 years using double declining balancemethod4. A machine having a first cost of P60,000 will be ret

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Accounting

3. A certain office equipment has a first cost of P20,000 and a salvage value of P1,000 at the end of 10 years. Determine the book value at the end of 6 years using double declining balance method

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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