An equipment cost P67,000 and has a life of 10 years and salvage value of P53,500. Determine its book value at the end of 8 years by Declining Balance Method. a. 55,962.61 b. 56,731.35 c. 54, 659.05 d. 55, 694.35
An equipment cost P67,000 and has a life of 10 years and salvage value of P53,500. Determine its book value at the end of 8 years by Declining Balance Method. a. 55,962.61 b. 56,731.35 c. 54, 659.05 d. 55, 694.35
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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An equipment cost P67,000 and has a life of 10 years and salvage value of P53,500. Determine its book value at the end of 8 years by Declining Balance Method.
a. 55,962.61
b. 56,731.35c. 54, 659.05
d. 55, 694.35
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