coop bought an equipment for P 60,000 other expense including installations amounted to P 5,000. The equipment is expected to have a life of 14 yrs. with a salvage value of 10% of the original cost .Determine the book value at the

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Chapter1: Making Economics Decisions
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The coop bought an equipment for P 60,000 other expense including installations amounted to P 5,000. The equipment is expected to have a life of 14 yrs. with a salvage value of 10% of the original cost .Determine the book value at the end of 15 years . By ( a ) Straight line method and ( b ) Sinking fund method at 12% interest.

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