Excel please! A heavy duty construction equipment costing Php 500,000 has an estimated life of 25 years with a book value of Php 100,000 at the end of the period.Compute its book value after 24 years using straight-line method.O Php 116,000.00O Php 118,000.00Php 119,000.00Php 117,000.00

Depreciation is the wear and tear of asset during its useful life Depreciation under straight-line…

Answered: straight-line method.

Business

Accounting

straight-line method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Excel please!

A heavy duty construction equipment costing Php 500,000 has an estimated life of 25 years with a book value of Php 100,000 at the end of the period.
Compute its book value after 24 years using straight-line method.
O Php 116,000.00
O Php 118,000.00
Php 119,000.00
Php 117,000.00

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