A telephone company purchased a microwave radio equipment for P6,000,000. Freight and installation charges amounted to 3% of the purchased price. If the equipment is depreciated over an eight-year period with a salvage value of 5% of Co,
A telephone company purchased a microwave radio equipment for P6,000,000. Freight and installation charges amounted to 3% of the purchased price. If the equipment is depreciated over an eight-year period with a salvage value of 5% of Co,
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A telephone company purchased a microwave radio equipment for P6,000,000. Freight and installation charges amounted to 3% of the purchased price. If the equipment is
Using SFDM(at 10%):
The annual depreciation charge is:
- P 733,875.00 B. P 498,430.90 C. P 514,170.82 D. P 513,383.83
The book value at the end of 5 years is:
- P 3,045,740.38 B. P 3,040,935.71 C. P 2,957,029.51 D. P 2,510,625.00
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