A contractor imported a bulldozer for his job, paying Ph 250000 to the manufacturer. Freight and insurance charges amounted to Php 18000; customs, broker's fees and arrastre services, Php 850o; taxes, permits and other expenses, Php 25000. If the contractor estimates the life of the bulldozer to be 10 years with salvage value of Php 20000, determine the book value at the end of 6 years, using a. Straight-line Formula b. Sinking Fund Formula at 8%
A contractor imported a bulldozer for his job, paying Ph 250000 to the manufacturer. Freight and insurance charges amounted to Php 18000; customs, broker's fees and arrastre services, Php 850o; taxes, permits and other expenses, Php 25000. If the contractor estimates the life of the bulldozer to be 10 years with salvage value of Php 20000, determine the book value at the end of 6 years, using a. Straight-line Formula b. Sinking Fund Formula at 8%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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