An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold forP 1,000.00. Find the depreciation in the first three years using straight line method?O a. P2,200.00O b. P2,400.00O c. P3,000.00O d. P2,100.00

Given initial cost = 9,000 P Salvage = 1,000 Time = 10 years

Answered: O a. P2,200.00 O b. P2,400.00 P3.000.00

Business

Economics

O a. P2,200.00 O b. P2,400.00 P3.000.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for
P 1,000.00. Find the depreciation in the first three years using straight line method?
O a. P2,200.00
O b. P2,400.00
O c. P3,000.00
O d. P2,100.00

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