0 hp sandmill for paint manufacturing cost P 360,000. Bank charges arrastre and brokerage cost P 5,000. Foundation and installation cost were P 25,000. Other incidental expenses amount to P 20,000. Salvage value of the mill is estimated to be 60,000 after 20 years. Find the appraisal value of the mill, using straight-line depreciation at the end of 15 years. 17,500.00 235,000.00 147,500.00 135,000.00 60,000.00 174,500.00
0 hp sandmill for paint manufacturing cost P 360,000. Bank charges arrastre and brokerage cost P 5,000. Foundation and installation cost were P 25,000. Other incidental expenses amount to P 20,000. Salvage value of the mill is estimated to be 60,000 after 20 years. Find the appraisal value of the mill, using straight-line depreciation at the end of 15 years. 17,500.00 235,000.00 147,500.00 135,000.00 60,000.00 174,500.00
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter18: Accounting For Long-term Assets
Section: Chapter Questions
Problem 4CE: Grandorf Company replaced the engine in a truck for 8,000 and expects the new engine will extend the...
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A tax and duty free importation of a 30 hp sandmill for paint manufacturing cost P 360,000. Bank charges arrastre and brokerage cost P 5,000. Foundation and installation cost were P 25,000. Other incidental expenses amount to P 20,000. Salvage value of the mill is estimated to be 60,000 after 20 years. Find the appraisal value of the mill, using straight-line depreciation at the end of 15 years.
17,500.00
235,000.00
147,500.00
135,000.00
60,000.00
174,500.00
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