Xavier Company contracted for the purchase and installation of a large printer which costs P250,000. This amount includes freight and installation charges estimated at 10% of the above contract price. If the printer shall be depreciated over a period of 10 years with a salvage value of P15,000 and money is worth 6% per annum, what is the annual depreciation charge using SFM? A. P19,725.67 B. P19,257.50 C. P17,070.29 D. P17,828.97
Xavier Company contracted for the purchase and installation of a large printer which costs P250,000. This amount includes freight and installation charges estimated at 10% of the above contract price. If the printer shall be depreciated over a period of 10 years with a salvage value of P15,000 and money is worth 6% per annum, what is the annual depreciation charge using SFM? A. P19,725.67 B. P19,257.50 C. P17,070.29 D. P17,828.97
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter21: Costs And The Supply Of Goods
Section: Chapter Questions
Problem 17CQ
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Question
1. Xavier Company contracted for the purchase and installation of a large printer which costs P250,000. This amount includes freight and installation charges estimated at 10% of the above contract price. If the printer shall be
A. P19,725.67
B. P19,257.50
C. P17,070.29
D. P17,828.97
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