A machine has a first cost of P97,198.62 and has an expected salvage value after 10 years P11,240.93. Find the book value after 6 years using declining balance method.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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A machine has a first cost of P97,198.62 and has an expected salvage value after 10 years P11,240.93. Find the book value after 6
years using declining balance method.
Transcribed Image Text:A machine has a first cost of P97,198.62 and has an expected salvage value after 10 years P11,240.93. Find the book value after 6 years using declining balance method.
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