Find the salvage value of the machine if it has an economic life of 15 years.
Find the salvage value of the machine if it has an economic life of 15 years.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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![5. A certain machine has an initial cost of P 50,000 and a book value of P 15,811.39 after five years.
Find the salvage value of the machine if it has an economic life of 15 years. Use declining balance
method.
A. PhP 1581
B. PhP 5000
C. PhP 3000
D. PhP 2317](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F930681d6-5441-4324-a2b0-678bd6a33623%2F9b63d397-1d7b-45dc-9598-aabc8e600765%2Fnu00a7_processed.png&w=3840&q=75)
Transcribed Image Text:5. A certain machine has an initial cost of P 50,000 and a book value of P 15,811.39 after five years.
Find the salvage value of the machine if it has an economic life of 15 years. Use declining balance
method.
A. PhP 1581
B. PhP 5000
C. PhP 3000
D. PhP 2317
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