Indicate the formula, given and the complete solution. A VOM has a selling price of Php 500. It is expected to decline at a rate of 8 % per year due to obsolescence, what will be its selling price after 4 years by using the declining balance method? Handwritten answer please and be legible too. Thanks

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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ENGINEERING ECONOMICS – DEPRECIATION
Indicate the formula, given and the complete solution.
A VOM has a selling price of Php 500. It is expected to decline at a rate of 8 % per year due to
obsolescence, what will be its selling price after 4 years by using the declining balance method?
Handwritten answer please and be legible too. Thanks
Transcribed Image Text:ENGINEERING ECONOMICS – DEPRECIATION Indicate the formula, given and the complete solution. A VOM has a selling price of Php 500. It is expected to decline at a rate of 8 % per year due to obsolescence, what will be its selling price after 4 years by using the declining balance method? Handwritten answer please and be legible too. Thanks
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