An engineer bought equipment for P500,000. He spent an additional amount of P30,000 for installment and other expenses. The estimated useful life of the equipment is 10 years. The salvage value x% of the first cost. Using straight line method of depreciation, the book value at the end of 5 years will be P291,500. What is the value of x?
An engineer bought equipment for P500,000. He spent an additional amount of P30,000 for installment and other expenses. The estimated useful life of the equipment is 10 years. The salvage value x% of the first cost. Using straight line method of depreciation, the book value at the end of 5 years will be P291,500. What is the value of x?
An engineer bought equipment for P500,000. He spent an additional amount of P30,000 for installment and other expenses. The estimated useful life of the equipment is 10 years. The salvage value x% of the first cost. Using straight line method of depreciation, the book value at the end of 5 years will be P291,500. What is the value of x?
An engineer bought equipment for P500,000. He spent an additional amount of P30,000 for installment and other expenses. The estimated useful life of the equipment is 10 years. The salvage value x% of the first cost. Using straight line method of depreciation, the book value at the end of 5 years will be P291,500. What is the value of x?
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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