FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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machine having a certain first cost FC has a life of 10 years and a salvage value of 6% of the st cost at the end of 10 years. If it has a book value of P 45,600 at the end of the 6th year, how uch is the first cost of the machine if depreciation is computed using the Matheson's rmula. lect one: a. Р 246,650 b. P 237,540 c. P 228,920 d P 225,000
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Transcribed Image Text:machine having a certain first cost FC has a life of 10 years and a salvage value of 6% of the st cost at the end of 10 years. If it has a book value of P 45,600 at the end of the 6th year, how uch is the first cost of the machine if depreciation is computed using the Matheson's rmula. lect one: a. Р 246,650 b. P 237,540 c. P 228,920 d P 225,000
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