A procurement engineer bought a large transformer core for Php 250,000. Other expenses including installation amounted to Php 30,000. At the end of its estimated useful life of 15 years, the salvage value will be 25% of the first cost. Using straight line method for depreciation, what is the book value after 4 years?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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A procurement engineer bought a large transformer core for Php 250,000. Other expenses including installation amounted to Php 30,000. At the end of its estimated useful life of 15 years, the salvage value will be 25% of the first cost. Using straight line method for depreciation, what is the book value after 4 years? 

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