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A machine has a first cost of P97,198.62 and has an expected salvage value after 10 years P11,240.93. Find the book value after 6 years using declining balance method.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter9: Capital Budgeting And Cash Flow Analysis

Section9.A: Depreciation

Problem 1P

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A machine has a first cost of P97,198.62 and has an expected salvage value after 10 years P11,240.93. Find the book value after 6
years using declining balance method.

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