A dump truck was bought for ₱300,000, six years ago. It will have a salvage value of ₱ 30,000 four years from now, what is its book value now if sinking fund method of depreciation is used at 6% interest per year?

Q: The salvage value of a front loader at the end of 4 years is Php23,000 and Php18,000 at the end of 5…

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Q: A commercial building has a salvage value of Php 1 million after 50 years. Annual depreciation is…

A: Given: A commercial building having an estimated resale value of Php(Currency notation of…

Pricing Construction Equipment

Pricing construction equipment means estimating the cost of operation of all the construction equipment used in a construction project. The pricing is done based on two factors – ownership cost and operating cost of the equipment. Thorough knowledge of the ownership and operating costs is necessary for proper project management and executing profitable construction.