6. Suppose a bakeshop purchased an equipment worth P 100,000 equipment, which was expected to last for 5 years. After 5 years, it would be worth P 8,000. Under the double declining balance method of depreciation, determine the book value at the end of A. PhP 21,600 year 3. B. PhP 22,600 C. PhP 23,600 D. PhP 24,600

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.1: Functions Given By Formulas
Problem 2TU: What is your monthly payment if you borrow 5000 at a monthly rate of 0.61 and pay it off in 5 years?
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6. Suppose a bakeshop purchased an equipment worth P 100,000 equipment, which was expected to
last for 5 years. After 5 years, it would be worth P 8,000. Under the double declining balance method
of depreciation, determine the book value at the end of year 3.
A. PhP 21,600
B. PhP 22,600
C. PhP 23,600
D. PhP 24,600
Transcribed Image Text:6. Suppose a bakeshop purchased an equipment worth P 100,000 equipment, which was expected to last for 5 years. After 5 years, it would be worth P 8,000. Under the double declining balance method of depreciation, determine the book value at the end of year 3. A. PhP 21,600 B. PhP 22,600 C. PhP 23,600 D. PhP 24,600
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