An equipment costing P 260,000 has an estimated scrap value of P 25,000 at the end of
Fantastic news! We've Found the answer you've been seeking!
Question:
An equipment costing P 260,000 has an estimated scrap value of P 25,000 at the end of its economic life of 11 years. Using Double-Declining Balance Method, what is the depreciation charge during the 7th year? Express your answer in whole number.
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date: