3. An equipment with a price of P650,000, has an economic life of 5 years and a salvage value of P 150, 000. The cost of money is 12% per year. Compute the first year depreciation using the double Declining Balance Method

3. An equipment with a price of P650,000, has an economic life of 5 years and a salvage value of P 150, 000. The cost of money is 12% per year. Compute the first year depreciation using the double Declining Balance Method

Name: 3. An equipment with a price of P650,000, has an economic life of 5 ye
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Description: 3. An equipment with a price of P650,000, has an economic life of 5 years and a salvage value of P 150, 000. The cost of money is 12% per year. Compute the first year depreciation using the double DecliningBalance Method.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter9: Capital Budgeting And Cash Flow Analysis

Section9.A: Depreciation

Problem 1P

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