An industrial plant bought a generator set for P87,504.00. Other expenses including installation amounted to P10,765.00. The genset has an estimated economic life up to 19 years with a salvage value at the end of its life of P5,000.00. Determine the book value at the 10th year using the declining balance method.

An industrial plant bought a generator set for P87,504.00. Other expenses including installation amounted to P10,765.00. The genset has an estimated economic life up to 19 years with a salvage value at the end of its life of P5,000.00. Determine the book value at the 10th year using the declining balance method.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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