A contractor imported a bulldozer for his job paying $260,000 to the manufacturer. Freight and insurance charges amounted to $28,000, custom brokers fees and arrastre services is worth $8,500 while taxes, permits, and other expenses are worth $38,000. If the contractor estimates the life of the bulldozer to be 10 yrs with a salvage value of $10,000, determine the book value at the end of 6 yrs using  a.) straight-line method; b.) sinking fund method at 8%; c.) Matheson Formula

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Q: A contractor imported a bulldozer for his job paying $260,000 to the manufacturer. Freight and…

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A: Calculate the cost of land.

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A: Refer step1 & step2 for complete understanding

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Q: 6.) A contractor imported a bulldozer for his job, paying P250,000 to the manufacturer. Freight and…

A:

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A: Formulas that are used :-

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