An asset is purchased for P9,000.00. Its estimated economic life is 10 years, after which it will be sold for P1,000.00. Find the book value during the third year if the sum-of-the-year's digit (SOYD) depreciation is used. Ans. P5,072.73

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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An asset is purchased for P9,000.00. Its estimated economic life is 10 years, after which it will be
sold for P1,000.00. Find the book value during the third year if the sum-of-the-year's digit
(SOYD) depreciation is used.
Ans. P5,072.73
Transcribed Image Text:An asset is purchased for P9,000.00. Its estimated economic life is 10 years, after which it will be sold for P1,000.00. Find the book value during the third year if the sum-of-the-year's digit (SOYD) depreciation is used. Ans. P5,072.73
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