1. A machine has a first cost of P 600,000.00 and a salvage value of P 60,000.00 at theend of useful life of 5 years. If the depreciation cost on the 3rd year is P 88, 151.00.What depreciation method is used?2. A man borrowed P 150,000.00 at 7% compounded monthly. If he is required to pay10,000.00 on the 1s day of every month. How many years will it take to pay hisobligation?3. P 200,000.00 was deposited earning at 8% compounded quarterly for "x" years. If thecompound amount is now P 315,379.85. Calculate the value of "x".

Name: 1. A machine has a first cost of P 600,000.00 and a salvage value of
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Description: 1. A machine has a first cost of P 600,000.00 and a salvage value of P 60,000.00 at theend of useful life of 5 years. If the depreciation cost on the 3rd year is P 88, 151.00.What depreciation method is used?2. A man borrowed P 150,000.00 at 7% comp

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1. A machine has a first cost of P 600,000.00 and a salvage value of P 60,000.00 at the end of useful life of 5 years. If the depreciation cost on the 3rd year is P 88, 151.00. What depreciation method is used?

1. A machine has a first cost of P 600,000.00 and a salvage value of P 60,000.00 at the end of useful life of 5 years. If the depreciation cost on the 3rd year is P 88, 151.00. What depreciation method is used?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

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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