straight-line method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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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