A firm bought an equipment for P 58,000. other expenses including installation amounted to P 2,000. The

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A firm bought an equipment for P 58,000. other expenses including installation amounted to P 2,000. The equipment is expected to have a life of 3 years with a salvage of 10% of the original cost. Determine the book value at the end of 13 years by sinking fund method at 6% interest.

Posted Date: Nov 17, 2021 10:16 PM

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A firm bought an equipment for P 58,000. other expenses including installation amounted to P 2,000. The

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The total costs associated for the firm 58000 2000 P 60000 Let the Salvage value 58000... View the full answer

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