4. A broadcasting corporation purchased equipment worth P57, 000 and paid P1, 500 for freight and delivery charges to the site. The equ i pment has a normal life of ten years with a trade-in vaíue of P5, 000 against the purchase of new equipment at the end of life. The interest is 6%. a. What is the annual depreciation cost? b. What is the total depreciation cost in 7 years? ç. What is the book value in 7 years?

4. A broadcasting corporation purchased equipment worth P57, 000 and paid P1, 500 for freight and delivery charges to the site. The equ i pment has a normal life of ten years with a trade-in vaíue of P5, 000 against the purchase of new equipment at the end of life. The interest is 6%. a. What is the annual depreciation cost? b. What is the total depreciation cost in 7 years? ç. What is the book value in 7 years?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 3EB: Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is...

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