Answer, box the final answer use Pesos sign symbol 3. An asset cost Php 18,000 and had an estimated net salvage value of Php 650 and an estimatedservice life of 36000 hours. How much is the depreciation charge after 1st year if it is used for a totalof 4000 hours?

Depreciation charge is the value of the asset that is reduced due to wear and tear and use of the…

Answered: 3. An asset cost Php 18,000 and had an…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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3. An asset cost Php 18,000 and had an estimated net salvage value of Php 650 and an estimated service life of 36000 hours. How much is the depreciation charge after 1st year if it is used for a total of 4000 hours?