Liam acquired a machinery purchased for ₱ 1,100,000.00 and paid for transportation charge of ₱70,620.00. To install the machine in his plant, he paid installation charges amounting ₱35,000.00. Scrap value will be ₱150,000.00 and the useful life of machinery is 10 years. Charge depreciation with the Straight Line Method of depreciation. What is annual depreciation cost of the equipment in pesos?
Liam acquired a machinery purchased for ₱ 1,100,000.00 and paid for transportation charge of ₱70,620.00. To install the machine in his plant, he paid installation charges amounting ₱35,000.00. Scrap value will be ₱150,000.00 and the useful life of machinery is 10 years. Charge depreciation with the Straight Line Method of depreciation. What is annual depreciation cost of the equipment in pesos?
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 3EB: Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is...
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4. Liam acquired a machinery purchased for ₱ 1,100,000.00 and paid for transportation charge of ₱70,620.00. To install the machine in his plant, he paid installation charges amounting ₱35,000.00. Scrap value will be ₱150,000.00 and the useful life of machinery is 10 years. Charge
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