An industrial plant bought a set of equipment for 90,000. Miscellaneous expenses including installation amounted to 10,000. Economic life is 17 years with a salvage value of 5,000. Determine the depreciation charge during the 16th year. Use constant percentage method of depreciation. Add your answer
An industrial plant bought a set of equipment for 90,000. Miscellaneous expenses including installation amounted to 10,000. Economic life is 17 years with a salvage value of 5,000. Determine the depreciation charge during the 16th year. Use constant percentage method of depreciation. Add your answer
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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6.
![An industrial plant bought a set of equipment for
90,000. Miscellaneous expenses including installation
amounted to 10,000. Economic life is 17 years with a
salvage value of 5,000. Determine the depreciation
charge during the 16th year. Use constant percentage
method of depreciation.
Add your answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F612f4d84-7b6d-4948-8df8-0db3aad06511%2F7cb6fb71-32f4-48d1-8545-44b08dfb4d83%2Fz2zjin_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An industrial plant bought a set of equipment for
90,000. Miscellaneous expenses including installation
amounted to 10,000. Economic life is 17 years with a
salvage value of 5,000. Determine the depreciation
charge during the 16th year. Use constant percentage
method of depreciation.
Add your answer
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