A machine costing P480,000 is estimated to have a salvage value of 10% of the first cost when retired at the end of 12 years. Depreciation cost using declining balance method. Find the book value at the end of 5 years. P151,789.33 P222,796.26 P192,901.23 P183,896.76

A machine costing P480,000 is estimated to have a salvage value of 10% of the first cost when retired at the end of 12 years. Depreciation cost using declining balance method. Find the book value at the end of 5 years. P151,789.33 P222,796.26 P192,901.23 P183,896.76

Name: A machine costing P480,000 is estimated to have a salvage value of 10
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Description: A machine costing P480,000 is estimated to have a salvage value of 10% of thefirst cost when retired at the end of 12 years. Depreciation cost using decliningbalance method. Find the book value at the end of 5 years.P151,789.33P222,796.26P192,901.23

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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