A drilling machine may be used to dig ditches. The contractor purchased it for P200k & estimates that it will be able to dig 750k meters during its life and he expects to receive 10% as scrap value when he sells it. What if during a certain year he used the machine to dig 150k meters of trench, determine depreciation cost for that year.
A drilling machine may be used to dig ditches. The contractor purchased it for P200k & estimates that it will be able to dig 750k meters during its life and he expects to receive 10% as scrap value when he sells it. What if during a certain year he used the machine to dig 150k meters of trench, determine depreciation cost for that year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A drilling machine may be used to dig ditches. The contractor purchased it for P200k & estimates that it will be able to dig 750k meters during its life and he expects to receive 10% as scrap value when he sells it. What if during a certain year he used the machine to dig 150k meters of trench, determine
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