A plant bought a calciner for P220,000.00 and uses it for 10years, the life span of the equipment. What is the bookvalue of the calciner after 5 years of use. Assume a scrap value of P20,000.00 for starightline method; P22,000 for textbook declining balance method and P20,000 for the double declining balance method.
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2. A plant bought a calciner for P220,000.00 and uses it for 10years, the life span of the equipment. What is the bookvalue of the calciner after 5 years of use. Assume a scrap value of P20,000.00 for starightline method; P22,000 for textbook declining balance method and P20,000 for the double declining balance method.
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