An asset is purchased for P9,000,000. Its estimated economic life is 10 years after which it will be sold for P1,000,000. Find the depreciation in the first six years using sum of the years digit method.

An asset is purchased for P9,000,000. Its estimated economic life is 10 years after which it will be sold for P1,000,000. Find the depreciation in the first six years using sum of the years digit method.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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13.

An asset is purchased for P9,000,000. Its estimated
economic life is 10 years after which it will be sold for
P1,000,000. Find the depreciation in the first six years
using sum of the years digit method.
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