A tax and duty-free importation of a 30hp sand mill for paint manufacturing costs P360,113. Bank charges arrester and brokerage cost P5,064. Foundation and installation cost were P25,802. Other incidental expenses amount to P23,060. Salvage value of the mill is estimated to be P61,021 after 30 years. Determine the following: a. Rate of depreciation. b. Depreciation after 11 years. c. Book value after 19 years.

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Q: A tax- and duty-free importation of a 30-horsepower sand mill for paint manufacturing costs P400,000…

A: Solution on next page

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Q: A tax and duty-free importation of a 30-horsepower sand mill for paint manufacturing costs P360,000,…

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Q: A tax and duty free importation of a 30 horse power sand mill for paint manufacturing cost 400,000…

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A:

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Q: A tax and duty free importation of a 30-horsepower sand mill for paint manufacturing costs…

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Q: tax and duty free importation of a 30 HP sandmill (for paint manufacturing) cost ₱360,000, CIF…

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