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: The initial cost of a paint sand mill, including its installation is P 800,000. The  depreciable life of this machine is 10 years with an estimated salvage value of P 50,000.  Using SF Method at 6%.  -Compute the annual depreciation charge.  -Compute the total depreciation after 6 years.  -Compute the book value after 6

: The initial cost of a paint sand mill, including its installation is P 800,000. The  depreciable life of this machine is 10 years with an estimated salvage value of P 50,000.  Using SF Method at 6%.  -Compute the annual depreciation charge.  -Compute the total depreciation after 6 years.  -Compute the book value after 6

FINANCIAL ACCOUNTING
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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Problem 2: The initial cost of a paint sand mill, including its installation is P 800,000. The  depreciable life of this machine is 10 years with an estimated salvage value of P 50,000.  Using SF Method at 6%. 

-Compute the annual depreciation charge. 

-Compute the total depreciation after 6 years. 

-Compute the book value after 6 years. 

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