Liam acquired a machinery purchased for P 1,100,000.00 and paid or transportation charge of P 73,373.00. To install the machine in his plant, he paid installation charges amounting P35,000.00. Scrap value will be P150,000.00 and the useful life of machinery is 14 years. Charge depreciation with the Straight Line Method of depreciation. What is annual depreciation cost of the equipment in pesos?
Liam acquired a machinery purchased for P 1,100,000.00 and paid or transportation charge of P 73,373.00. To install the machine in his plant, he paid installation charges amounting P35,000.00. Scrap value will be P150,000.00 and the useful life of machinery is 14 years. Charge depreciation with the Straight Line Method of depreciation. What is annual depreciation cost of the equipment in pesos?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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