A contractor imported a bulldozer for his job, paying Ph 250000 to the manufacturer. Freight and in charges amounted to Php 18000; customs, broker's fees and arrastre services, Php 850o; taxes, pern other expenses, Php 25000. If the contractor estimates the life of the bulldozer to be 10 years with value of Php 20000, determine the book value at the end of 6 years, using a. Straight-line Formula b. Sinking Fund Formula at 8% C. Matheson Formula

Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter9: Pricing Construction Equipment
Section: Chapter Questions
Problem 6RQ
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A contractor imported a bulldozer for his job, paying Ph 250000 to the manufacturer. Freight and insurance
charges amounted to Php 18000; customs, broker's fees and arrastre services, Php 8500; taxes, permits and
other expenses, Php 25000. If the contractor estimates the life of the bulldozer to be 10 years with salvage
value of Php 20000, determine the book value at the end of 6 years, using
а.
Straight-line Formula
b. Sinking Fund Formula at 8%
C.
Matheson Formula
Transcribed Image Text:A contractor imported a bulldozer for his job, paying Ph 250000 to the manufacturer. Freight and insurance charges amounted to Php 18000; customs, broker's fees and arrastre services, Php 8500; taxes, permits and other expenses, Php 25000. If the contractor estimates the life of the bulldozer to be 10 years with salvage value of Php 20000, determine the book value at the end of 6 years, using а. Straight-line Formula b. Sinking Fund Formula at 8% C. Matheson Formula
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