Josh spent 250,000.00 pesos to buy a set of entertainment system that he will use in his marketing strategy for his new business. The entertainment system set has a depreciation rate of 26% that can be used for eight years. a. How much is the salvage value of the entertainment system set using declining balance method? b. How much is the depreciation for 4th year?
Josh spent 250,000.00 pesos to buy a set of entertainment system that he will use in his marketing strategy for his new business. The entertainment system set has a depreciation rate of 26% that can be used for eight years. a. How much is the salvage value of the entertainment system set using declining balance method? b. How much is the depreciation for 4th year?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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