A certain machinery costs P 50,000 lasts 12 years with a salvage value of P 5,000. If the owner decides to sell it after using for 5 years, what should be his price be so that he will not lose or gain financially in the transactions? Use double declining balance method for depreciation.
A certain machinery costs P 50,000 lasts 12 years with a salvage value of P 5,000. If the owner decides to sell it after using for 5 years, what should be his price be so that he will not lose or gain financially in the transactions? Use double declining balance method for depreciation.
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 4EB: Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is...
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A certain machinery costs P 50,000 lasts 12 years with a salvage value of P 5,000. If the owner decides to sell it after using for 5 years, what should be his price be so that he will not lose or gain financially in the transactions? Use double declining balance method for
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