A machine was purchased at an original cost of P400,000.00 with a salvage value of P20,000.00. Life of the machine is expected to last for 6 years. It was used for 4000hours in the first year and 6000hours on the second year if the machine is expected to last for 38,000 hours in a period of 6years.

A machine was purchased at an original cost of P400,000.00 with a salvage value of P20,000.00. Life of the machine is expected to last for 6 years. It was used for 4000hours in the first year and 6000hours on the second year if the machine is expected to last for 38,000 hours in a period of 6years.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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