Answered: A brand new car costs ₱500,000 and the…

A brand new car costs ₱500,000 and the salvage value is 10% of the original cost after 20 years. Find the depreciation charge at the 8th year by SYDM

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A brand new car costs ₱500,000 and the salvage value is 10% of the original cost after 20 years.

Find the depreciation charge at the 8th year by SYDM

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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