An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the end of the period. Compute the depreciation charge and its book value after 10 years using straight-line method.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Engineering economics problem. Help me in solutions

An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at
the end of the period. Compute the depreciation charge and its book value after 10 years using
straight-line method.
Ans. P24,336.26
Transcribed Image Text:An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the end of the period. Compute the depreciation charge and its book value after 10 years using straight-line method. Ans. P24,336.26
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