On March 25, 2020, Blue Steel co. purchased a new extrusion machine for Php 3,344,015 with an expected scrap value of Php 167,831 after 6 years. What is the annual depreciation rate (in php) given that the machine is in operation for 1,638 hours per year? note: write the number with at most 2 decimal places without the unit (eg. 75.17 and NOT Php 75.17)

On March 25, 2020, Blue Steel co. purchased a new extrusion machine for Php 3,344,015 with an expected scrap value of Php 167,831 after 6 years. What is the annual depreciation rate (in php) given that the machine is in operation for 1,638 hours per year? note: write the number with at most 2 decimal places without the unit (eg. 75.17 and NOT Php 75.17)

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

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 4RE: Utica Machinery Company purchases an asset for 1,200,000. After the machine has been used for 25,000...

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Utica Machinery Company purchases an asset for 1,200,000. After the machine has been used for 25,000 hours, the company expects to sell the asset for 150,000. What is the depreciation rate per hour based on activity?
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