radio service panel truck initially costs P100T.  Its resale value at the end of the fifth year is estimated at P5T. Determine year 3 depreciation using Matheson method.             a. P13,598.993 b. P24,756.951      c. P7,469.927

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 2E
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A radio service panel truck initially costs P100T.  Its resale value at the end of the fifth year is estimated at P5T. Determine year 3 depreciation using Matheson method.          

 
a. P13,598.993
b. P24,756.951     
c. P7,469.927     
d. P27,535.412
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