A machine costs P8,000.00 and has an estimated life of 10 years with a salvage value of P500.00. What is its book value after 8 years using the straight-line method? O a. P2,000.00 O b. P2,400.00 O c. P2,200.00 O d. P2,050.00

A machine costs P8,000.00 and has an estimated life of 10 years with a salvage value of P500.00. What is its book value after 8 years using the straight-line method? O a. P2,000.00 O b. P2,400.00 O c. P2,200.00 O d. P2,050.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A machine costs P8,000.00 and has an estimated life of 10 years with a salvage value of P500.00. What is
its book value after 8 years using the straight-line method?
O a. P2,000.00
O b. P2,400.00
О с. P2,200.00
O d. P2,050.00

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