3. A machine costs PhP 400,000 with a salvage value of PhP 20,000. Life of it is six years. In the first year, 4000 hours. In the second year, 6000 hours and 8000 hours on the third year. The expected flow of the machine is 38000 hours in six years. What is the Book value at the end of the second year. A. PhP 100,000 B. PhP 300,000 C. PhP 60,000 D. PhP 220,000

3. A machine costs PhP 400,000 with a salvage value of PhP 20,000. Life of it is six years. In the first year, 4000 hours. In the second year, 6000 hours and 8000 hours on the third year. The expected flow of the machine is 38000 hours in six years. What is the Book value at the end of the second year. A. PhP 100,000 B. PhP 300,000 C. PhP 60,000 D. PhP 220,000

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 3CE

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