A UV machine cost 550,000 pesos and has a salvage value of 10% of its cost at the end of its economic life of 45,000 hours. In the first year it was used for 5.000 hours, determine the book value at the end of the first year.

A UV machine cost 550,000 pesos and has a salvage value of 10% of its cost at the end of its economic life of 45,000 hours. In the first year it was used for 5.000 hours, determine the book value at the end of the first year.

Name: A UV machine cost 550,000 pesos and has a salvage value of 10% of its
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Description: A UV machine cost 550,000 pesos and has a salvage value of 10% of its cost at the end of its economic life of 45,000hours. In the first year it was used for 5.000 hours, determine the book value at the end of the first year.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 6CE

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