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A new establishment costing P300,000,000 excluding the equipment has an estimated useful life of 40 years with no salvage value. The equipment costs P50,000,000 and has an estimated useful life of 15 years with a salvage value of P5,000,000. Using SLM, what will be the total book value of the establishment and the equipment at the end of 10 years?

A new establishment costing P300,000,000 excluding the equipment has an estimated useful life of 40 years with no salvage value. The equipment costs P50,000,000 and has an estimated useful life of 15 years with a salvage value of P5,000,000. Using SLM, what will be the total book value of the establishment and the equipment at the end of 10 years?

Essentials Of Investments
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
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A new establishment costing P300,000,000 excluding the equipment has an estimated useful life of 40 years with no salvage value. The equipment costs P50,000,000 and has an estimated useful life of 15 years with a salvage value of P5,000,000. Using SLM, what will be the total book value of the establishment and the equipment at the end of 10 years?
Transcribed Image Text:A new establishment costing P300,000,000 excluding the equipment has an estimated useful life of 40 years with no salvage value. The equipment costs P50,000,000 and has an estimated useful life of 15 years with a salvage value of P5,000,000. Using SLM, what will be the total book value of the establishment and the equipment at the end of 10 years?
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