2. A backhoe loader is purchased with an amount of P 2,800,000.00 by a contractor. Themanufacturer explained that the said equipment has an estimated 10 years of useful life and asalvage value of P 125,000.00. Determine its depreciation and book value for each year using theStraight Line Method.Year012345678Book ValueP 0.00Depreciation peryear℗ 0.00Book Value atthe end of theYear$ 2,800,000.00

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Answered: alvage value of P 125,000.00. Determine…

Engineering

Civil Engineering

alvage value of P 125,000.00. Determine its depr traight Line Method. Year 0 1 2 3 4 5 6 Book Value P 0.00 De

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Concept explainers

Dimensional homogeneity

The term dimensional homogeneity means that in an equation, the dimensions of each term on both sides are equal, which means the dimensions of the left-hand side (LHS) of an equation are similar to the dimensions of the right-hand side (RHS). For a dimensionally homogeneous equation, the powers of fundamental dimensions will be identical on both sides of the equation.

Question

2. A backhoe loader is purchased with an amount of P 2,800,000.00 by a contractor. The
manufacturer explained that the said equipment has an estimated 10 years of useful life and a
salvage value of P 125,000.00. Determine its depreciation and book value for each year using the
Straight Line Method.
Year
0
1
2
3
4
5
6
7
8
Book Value
P 0.00
Depreciation per
year
℗ 0.00
Book Value at
the end of the
Year
$ 2,800,000.00

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