A certain machine has book value of P173,205.08 after 5 years and P82,187.59 after 8 years. The book value is computed using Declining Balance Method. Determine the initial cost of the equipment and its salvage value in its economic life of 10 years. P650,000 P550,000 P500,000 P600,000

A certain machine has book value of P173,205.08 after 5 years and P82,187.59 after 8 years. The book value is computed using Declining Balance Method. Determine the initial cost of the equipment and its salvage value in its economic life of 10 years. P650,000 P550,000 P500,000 P600,000

Name: A certain machine has book value of P173,205.08 after 5 years and P82
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Description: A certain machine has book value of P173,205.08 after 5 years and P82,187.59after 8 years. The book value is computed using Declining Balance Method.Determine the initial cost of the equipment and its salvage value in its economiclife of 10 years.P6

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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