An equipment has a fire cost of P140,000 and has a salvage value of P12,000 after 12 years. Determine the book value of the machine at the end of the 7th year using straight line method.
An equipment has a fire cost of P140,000 and has a salvage value of P12,000 after 12 years. Determine the book value of the machine at the end of the 7th year using straight line method.
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 has a fire cost of P140,000 and has a salvage value of P12,000 after 12 years. Determine the book value of the machine at the end of the 7th year using straight line method.
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