1. A contractor imported a bulldozer for his job, paying 250,000 to the manufacturer. Freight and insurance charges amounted to 18,000; customs broker's fee and arrastre services, 8,500; taxes, permits and other expenses, 25,000. If the contractor estimates the life of the bulldozer to be 10 years with salvage value of 20,000, determine the book value at the end of 6 years, using the: a. SLM b. Sinking @ i=18% c. Matheson d. SYD method
1. A contractor imported a bulldozer for his job, paying 250,000 to the manufacturer. Freight and insurance charges amounted to 18,000; customs broker's fee and arrastre services, 8,500; taxes, permits and other expenses, 25,000. If the contractor estimates the life of the bulldozer to be 10 years with salvage value of 20,000, determine the book value at the end of 6 years, using the: a. SLM b. Sinking @ i=18% c. Matheson d. SYD method
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 11PA: Montezuma Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and...
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