A certain machine has book value of P120,000 after 5 years and P80,000 after 7 years. The book value is computed using Straight Line Method. Determine the initial cost of the equipment.
A certain machine has book value of P120,000 after 5 years and P80,000 after 7 years. The book value is computed using Straight Line Method. Determine the initial cost of the equipment.
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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A certain machine has book value of P120,000 after 5 years and P80,000 after 7 years. The book value is computed using Straight Line Method. Determine the initial cost of the equipment.
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