A Machine was purchased on 1st January 2004 at a cost, of P58,000 and the cost of installation Rs 8 000 his expected that its total working life will be 100,000 hours. The scrap value may be P3,000. During the year 2004, the machine worked for 1200 hours and in 2005 for 1,350 hours. Calculate the book value after 2005.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A Machine was purchased on 1st January 2004 at a cost, of P58,000 and the cost of installation Rs 8 000 his expected that its total working life will be 100,000 hours. The scrap value may be P3,000. During the year 2004, the machine worked for 1200 hours and in 2005 for 1,350 hours. Calculate the book value after 2005.

 

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