Use 6 decimals while answering thank you A machine has a cost of P12,311.00. It has a salvage of P2.480.00 and an economic life of 8 years. Given this information and using SYD,what is the book value BV6 ?Answer round off to two decimal places

Book value The value of an asset is the final value that is in the final accounts of the company. It…

Answered: A machine has a cost of P12,311.00. It…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A machine has a cost of P12,311.00. It has a salvage of P2,480.00 and an economic life of 8 years. Given this information and using SYD, what is the book value BV6 ? Answer round off to two decimal places