An equipment costs P400,000 and has a life of 30,000 hrs at the end of which its salvage value is x pesos. In the first year, it was used for 6240 hrs. The book value at the end of the first year was P325,120. Find the value of x.

An equipment costs P400,000 and has a life of 30,000 hrs at the end of which its salvage value is x pesos. In the first year, it was used for 6240 hrs. The book value at the end of the first year was P325,120. Find the value of x.

Name: 6:01 A( TitleGive SolutionAn equipment costs P400,000 and has alife o
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Description: 6:01 A( TitleGive SolutionAn equipment costs P400,000 and has alife of 30,000 hrs at the end of which itssalvage value is xpesos. In the first year, it was used for6240 hrs. The book value at the end of thefirst year wasP325,120. Find the value of x

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 7MC

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