A broadcasting equipment costing Php 200,000 has an estimated life of 15 years with a book value of Php 25,000 at the end of the period. Compute its book value after 8 years using straight-line method. Php 106,666.67 Php 108,666.67 Php 107,666.67 Php 105,666.67

A broadcasting equipment costing Php 200,000 has an estimated life of 15 years with a book value of Php 25,000 at the end of the period. Compute its book value after 8 years using straight-line method. Php 106,666.67 Php 108,666.67 Php 107,666.67 Php 105,666.67

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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A broadcasting equipment costing Php 200,000 has an estimated life of 15 years with a book value of Php 25,000 at the end of the period. Compute
its book value after 8 years using straight-line method.
Php 106,666.67
Php 108,666.67
Php 107,666.67
O Php 105,666.67

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