A tax- and duty-free importation of a 30 HP sandmill (for paint manufacturing) cost P 360,000, CIF Manila. Bank charges, arrastre and brokerage cost P 5,000. Foundation and installation costs were P 25,000. Other incidental expenses amounted to P 20,000. Salvage value of the mill is estimated to be P 60,000 after 20 years. Find the appraisal value of the mill, using straight-line depreciation, at the end of: a. 10 years b. 15 years

A tax- and duty-free importation of a 30 HP sandmill (for paint manufacturing) cost P 360,000, CIF Manila. Bank charges, arrastre and brokerage cost P 5,000. Foundation and installation costs were P 25,000. Other incidental expenses amounted to P 20,000. Salvage value of the mill is estimated to be P 60,000 after 20 years. Find the appraisal value of the mill, using straight-line depreciation, at the end of: a. 10 years b. 15 years

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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