telephone company purchased a microwave radio equipment for P6,000,000. Freight and installation charges amounted to 3% of the purchased price. If the equipment is depreciated over an eight-year period with a salvage value of 5% of Co, Using SLDM(at 10%): The annual depreciation charge is: P 513,383.83 B. P 733,875.00 C. P 514,170.82 D. P 498,430.90 The book value at the end of 5 years is: P 3,040,935.71 B. P 2,957,029.51 C. P 2,510,625.00 D. P 3,045,740.38

telephone company purchased a microwave radio equipment for P6,000,000. Freight and installation charges amounted to 3% of the purchased price. If the equipment is depreciated over an eight-year period with a salvage value of 5% of Co, Using SLDM(at 10%): The annual depreciation charge is: P 513,383.83 B. P 733,875.00 C. P 514,170.82 D. P 498,430.90 The book value at the end of 5 years is: P 3,040,935.71 B. P 2,957,029.51 C. P 2,510,625.00 D. P 3,045,740.38

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 3EA: Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is...

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