A company purchased a heavy equipment for P6,000,000. Freight and installation charges amounted to 3% each of the purchased price. If the equipment shall be depreciated over a period of 8 years with a scrap value of 5% of the first cost. Determine the annual depreciation charge using straight line method.

A company purchased a heavy equipment for P6,000,000. Freight and installation charges amounted to 3% each of the purchased price. If the equipment shall be depreciated over a period of 8 years with a scrap value of 5% of the first cost. Determine the annual depreciation charge using straight line method.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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