Problem 4: An equipment costs P 500,000 and has a salvage value of P 25,000 after its 25 years of useful life. Using Double Declining Balance Method, what will be the book value after 8 years?

Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter9: Pricing Construction Equipment
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Problem 4: An equipment costs P 500,000 and has a salvage value of P 25,000 after its 25 years of useful life. Using Double Declining
Balance Method, what will be the book value after 8 years?
Transcribed Image Text:Problem 4: An equipment costs P 500,000 and has a salvage value of P 25,000 after its 25 years of useful life. Using Double Declining Balance Method, what will be the book value after 8 years?
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